For those of us around at the last debt extensions, there was doom, gloom, bad news, etc. in the lead up and to be honest this is no different.
Neither GS, nor I, nor any of you (I suspect) have any idea whether the debt will be refinanced and if so, under what terms.
All we have to go on is what we know about the current environment, what we know about the company through our own research and what the company has told us.
If a large holder truly knew something bad was about to happen, they would be dumping millions and millions of shares on market today at whatever price they could get.
Despite all the 'someone knows something', the $ turnover in CER so far today would just about buy you a large family car. The $ turnover in CNP might buy you two.
This is fear, fear, fear... and price moves on low volumes.
For my 2c worth, wait for the announcement. If it's bad, well it's all over and life moves on. If not, we'll take a look at the detail and see how the future looks.
CNP Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
