I understand a lot of industry people go away in December and January so will have to be in the next 2 months Here is the issue the company faces. If they don't raise enough to get to cash flow break even its not going to be well supported If they do raise enough it will be at a massive discount and heavily dilutive I am cautious here, think its a 20 something cap raise coming. And there is no way I am getting involved unless management buy more and I don't mean from a shareholder loan given by the company
I would avoid for the time being let it drift lower and then you can probably clean up on a desperation raise
LVT Price at posting:
41.0¢ Sentiment: None Disclosure: Not Held
