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Ann: Placement and Pro-Rata Non-Renouceable Rights Issue, page-88

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08/01/16

10:09

Post #: 16754723
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Originally posted by ESPINSIGHT ↑

From here we are likely to see accumulation in order to participate in the cr. If it was me then I would be happy to buy in, or back in if that is the case, for the simple reasoning that it has found it's support and that those with the resources to do so, will support the cr by supporting the sp in the days ahead. It will be too tempting not to I reckon.

Looking mid-longer term personally, as I did not trade it, but good luck to those who did.

CRs throw out charts, so I see a bottom last week and a recovery in the weeks ahead, without a sp prediction.

Only good news likely imv.

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The 29 Jan closing date for the rights issue gives another 3 weeks for more positive news – thus boosting sp and encouraging take up of the offer.

Here’s hoping!

EDE Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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