You may well be right about the last point that you made re credit markets continuing to tighten. Certainly can't rule it out. That said there are a few that are expecting another xmas rally like we had last year which might provide a short term breather. I can't say that I know for sure either way but then who does. I hope its the latter but I certainly agree with you that there is a risk of the former.
Jantimot,
You are now suggesting a capital raising at $2 lol. Thats almost 50% below the price benchmark that was previously agreed and the line that the board is obviously trying to hold. No doubt they are under pressure by OW to give a little but half price ...... Its easy to sit on the sidelines with no skin in the game and say "just give em away half price". Its much harder to actually sit down in a room and negotiate a real deal with in the interests of real investor in mind.
Did you manage to dig up any of that documentation that supports your claim yesterday that OW is in breach of contract and contradicts the company announcements about the MOU which I posted to you ? Did you also notice that the company has previously advised that they intended to make this next placement at "$3.80 or above" ? Don't you think that it would be odd if there was a definative share purchase agreement as you have claimed, that the price was not actually set and that the company would have the ability to just up the price. You are going to substantiate that claim right ? Buddy reckons you are going to and to be fair I'd like to give you the benefit of the doubt so please point us to the evidence.
CDU Price at posting:
$3.39 Sentiment: Hold Disclosure: Held
