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I think what @Pioupiou said has a lot of merit with the...

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Galba

2,345 Posts.

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26/08/16

14:35

Post #: 18713697
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Originally posted by davidcasey ↑

i seriously doubt this is any curtain call - at least not yet.

they have not even explored any funding options - if that is indeed necessary. they have nearly $300 million on the order book too.

there may be a capital raising or even a largish rights issue - worst case scenario i could see would be a 1 for 1 at a small discount to 15c, but even if that were to be the case with the small scrip presently on issue & the pressure relief any raising of funds would bring - i cant see this not being worth more than 15c.

should be ok imho.

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I think what @Pioupiou said has a lot of merit with the write-downs being less than anticipated. Calling it curtains is akin to jumping the gun. My feeling is it if were a CR they would need to mention that wouldn't they in the halt?

BYL Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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