From the perspective of current shareholders, this is dissapointing.
From the perspective of new investors, this further strengthens the balance sheet, heading into a difficult quarter/s for world markets.
On balance, this is probably more positive then neutral, albeit slight.
Although, it does beg to wonder, managements capability/creditability (and its advisors) with regards to their timing of CR.
I presume the new management posistions wanted to get a slice of the pie, at a discount and offmarket, and this is most likely that.
I would expect sub CR price for the next few days. Best of luck all.
Short term sell signal, will morph into a short term/long term buy signal when the bottom is in. IMHO.
I've been waiting for 0.014c for a few weeks now, but I am removing this buy order and seeing where it lands, and if retail capitulation may occur.
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