short sellers became more aggressive from 9th March, Bloomberg reported 14 days later CPL have shortlisted suitors and the short selling has been increasing with intensity since.
Could a suitor who missed out be buying? or could a short lister find a perceived advantage with negotiating terms for $400+ million transaction at $1.50 than $2 share price? Could save them tens of millions at project level.
Aust has bottleneck infrastructure issues, and a mining tax Rio is exposed to, so I welcome any projects being put off and once super profits from gas are eroded thermal will be back on the map, our project is approx 7 years away from full steam.
Talk of management being shady? Well I would agree if our chairman held 200,000 shares but since he owns close to 30% of cpl (fully diluted), he has a stronger interest than all of us to see this turn a dollar..
Less than 7 weeks till some finance is announced along with a Vista South upgrade, I would say into's are waiting for funding uncertainty to be resolved.
I will relax till then.
ALL just my opinion
Good luck to all
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