MCC
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0.00% $16.01 macarthur coal limited

all I can say is I am a holder.look at Graincorp (GNC).GNC did a...

  1. speculative
    101 Posts.
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    27/07/09
    12:56
    Post #: 5434194
    all I can say is I am a holder.

    look at Graincorp (GNC).

    GNC did a heavily oversubscribed SPP, stags dropped it on the first few days and pushed it down to $6.60'sh off a $6.25 spp price.

    I had the patience to wait and stock is now $7.10-$7.18 a week later.

    I think the same will happen here. Plenty of buying at $7.80 - $8 pre the issue.

    Wait a week and my guess is the price will be back touching near the $8 mark.

    Just my thoughts.
    MCC Price at posting: $7.40 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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