L1 Captial is a well known hedge fund based in Melb, I'm assuming their getting out for a material reason.
Goldman etc on the form are their brokers, I'm assuming.
Positivity bias is when you and many others here convince each other that everything is going to plan despite much more evidence to the contrary - not fair on casual readers trying to see through the mist.
Even now - down 15% last 5 trading days on no news and you put that on ASX200 rebalance? Here's a tip, it ain't.
It's because project funding is quite unlikely. Without funding the company cannot generate any value.
Care and maintenance becomes the best option.
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