Your last line sums it up.
I think thats what the few shorts are working on. TBH I think opening a short on PLS would be wiser, they still look pricey given their quarterly report.
2% is still low.
On CR, so many companies throw out the fully funded line, but there are trade payables and you need to have cash reserves to PROTECT shareholders.
I have lost count on the times fully funded to DFS or FID are thrown around and then out of the blue is a CR. Lets hope my cynicism is wrong.
Your last line sums it up.I think thats what the few shorts are...
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