Many retail shareholders will feel rightly aggrieved to have been excluded from a nice discounted buy in for sophs', instos' and Directors. Others will be more circumspect and be grateful the balance sheet issues that our detractors have been so keen to point out, are so quickly addressed and that the take up was decent. Anyone in the markets with experience at this end will note retail offers tend to drag on and on and the stocks often trade at the issue price or lower for an age. Well subscribed discount insto' raises tend to bounce quicker from their discount value reflected in the secondary mkt than retail component raises.
No shareholders wanted this, a partnership always preferable, but its what we have got. Its needs to be the last. These alluded to partnerships need to be the next source of capital for the company.
CYP Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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