re: Ann: Appendix 4E - Preliminary Final Repo... i wouldnt worry too much about the short term SP on this one. This stock is a demand and supply driven baby....
some punters that got the stock in the placement have been offloading...why wouldn't you...if you are short term focused...
anyway, what you dont know is included amongst the short term boys are long term quality insto's.....i can't name them but i know who they are...as a mate of mine was one of them!
this baby now has some quality behind it...from an investment perspective...and will outperform in the next couple of months.
apparently other broking houses that lost the mandate to raise the capital have also been selling.....bad losers..i would call them...
once the selling has finished..the buyers will take this thing north of 30 cents...
Ann: Appendix 4E - Preliminary Final Report 30 Ju, page-8
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