Was walking in the park yesterday thinking, if they are going to do the capital raising it will be before the q1 report, which will show the cupboard is bare. We now know they have been spruiking for a few weeks judging by the price action.
I expect a strong bounce once this is over, assuming the terms are reasonable (20 cents) and the amount large enough to get us through to the end of the year. I will buy some more if they hit the issue price.
I just hope its not another opaque deal with Deutsche.
GXY Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
