Hi Kray, just because a company does a cap raising doesn't mean...

Hi Kray, just because a company does a cap raising doesn't mean the SP goes up in all cases, especially if the outlook for the commodity price of a price taker is weak and falling,,,,,,,,,I agree it would be to de risk the balance sheet from huge debt but that doesnt spell higher earnings or fresh massive divs in this market imo....they have resisted from well above 26 banking on an ever higher gold price ,,,,,,,,,,and they have been dead wrong for a couple of years,,,who knows, maybe things will change later today and gold will go up and never come back down

wonder if all the long termers out there,,would you be happy to put in even more after doubling down.......who knows..

capital killer,,,but the executives have made a fortune so its ok :)