Since the company went into trading halt on the 11th of March to announce the capital raising, the SP has slid from $1.29 to $0.845 today (less than 14 weeks period), representing a 35% drop in SP.
It has been in almost freefall since the 29th of May ($1.03)
All major brokers (IG, Commsec, Morningstar, Baillieu Holst) have a strong buy, yet the SP has been dropping.
Doesn't make sense...
Creating or destroying shareholder value??
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