Well we said $30-$40m raise...not far off...
Not a vanilla issue but nonetheless a dilutive placing....Agreed Squid ...15% co or whatever out the door for not the value some think
there will be a few winners out of SDL....Noble...this Russian dude and a maybe another....
but for the majority of shareholders i think many will still be here in years with the same talk going around and around and stock still around here
resource upgrade - sold into
conventions - sold into
placement A - sold into
moto engil - sold into
off take - sold into
placement B - sold into
any newsflow is hit....when funding deal announced 2015...same...Open up sold into and over.....why keep buying when its still another 4 years of build?
~ 4b shares sloshing around....This thing needs a full takeover to get into double figures....No fund manager will touch this...Its multi years away from production...single commodity thats on the nose...zero market interest...and many sellers and old holders dying to get out into strength..
The road just got longer n harder.....
good luck to the faithful ....unfort pack up for xmas and see you in 2015....There's nothing to drive it for another 12 months....
painful
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Here comes the news?, page-67
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