Cannacord have done themselves a massive diservice here. RH will never use them again. That is fact he's told me that and now tinniefisher confirms it. Cannacords terrible reputation has been further tarnished here and MD's like RH who are well respected won't be recommending them to any mates in the industry you would think.It is a small world in the Australian resources sector and Cannacord will become known as the lender of last resort and this reputation is terminal. It is a small solace to me to think that shortly this scum will be off our register but the damage they have done will take some good announcements to fix. I do not agree with all that VMP say's but he is spot on regarding the damaged inflicted to the register by Cannacord. VMP is no fool and to label him a whinger or whiner say's more about the person's knowledge of markets than VMP. I do not know VMP for a bar of soap but a companies register is critical to long term performance of retail shareholders. RH NEEDS TO KNOW NEVER DO THIS TYPE OF DEAL AGAIN.
LRV Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
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