I've said many times I have no idea what the shorts, many of which entered at 17c are looking for. The most obvious postulations are a collapse of the China deals, development screw ups + massive delays - that sort of stuff. Plus overruns, and need for more equity. IMHO there will be a further equity call, but should be easily handled at not at the sort of prices these folks shorted at. There are obviously MEP arbs there too but that's fine. BTW, the arbs will know their "interim" payoff a week on Tuesday (25th) as MEP go ex-Demetallica spin off (1-20) on that day. (The ultimate payoff is when Demetal list)
ADN Price at posting:
22.0¢ Sentiment: Hold Disclosure: Not Held
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