Yeah, I was thinking about CNNOB- they got sold off a bit yesterday. Funny- my platform says 1.5 exercise, and tradingroom.com.au, which is usually accurate, says 2c exercise price. Obviously my platform is correct: 1.5c and long-dated.
It looked like Pato's (if it is them selling) were getting itchy feet on the Ords, and they've just been waiting to offload- I reckon they don't stay around forever when they've done a capital raising. However, I think they still need to place the shortfall, so a higher price is in their interest.
We may be on our way here.
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