No doubt that this could be one of the biggest turnaround stories of 2008 - new management and many finiancial institutions willing to back the company. Any rights issue in the coming days will be brilliant for the company as it sures up their balance sheet and their future going forward. This will be back into the 40s and 50s very quickly as soon as any potential liquidity issues(which i dont believe are a concern) will be attended to.
Expect a KEY announcement over the coming 3-4 business days. I will say no more than that.
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
