I wouldn't try to second guess anything ATM but simply follow the smart money north. We all know that .05 c/r was ridiculously low but i can say that after speaking to the ex CFO during the trading halt ( he resigned a few days before) he told me point blank BLR could not raise the funds with I presume "sophs" so the MD did what he had to do.
bet those guys are kicking themselves..
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I wouldn't try to second guess anything ATM but simply follow...
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