Short Term Trading Weekend Lounge: 9 - 11 Apr, page-7

  1. 6,674 Posts.
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    So this is what it's like starting a new job ...

    Your old boss wants to milk every little last drop out of you ...

    Your new boss throws you in at the deep end to see if you sink or swim

    And to top it off, my dear love child number 3, KP2, which was sitting on $5m in the bank with no imminent need for more funds, decides it needs to raise $13m at a 35% discount to the current SP, for stuff it needs to do over the next year or so. I think when the RoC government gave them a "use it or lose it" ultimatum they've scared the crap out of management, and they've hit the panic button. Memo to self: when the T20 is 90% it's them that management will take care of and not you. CR raising at 2 cents will ultimately lead to a big wall set up at 4 cents to lock in a bag of profit. The timelines for getting a decent return out of this have now changed dramatically, but I suspect that all the huge news that was about to drop may now mysteriously appear around the time the pump comes rolleyes.png

    Took a few big hits this week ... if that's their best shot they're out of luck!
 
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