no rush to buy

  1. 614 Posts.
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    As with any capital raising and especially one of this size, I think we will see a share price in the $1 to $1.10 range sometime next week.

    Maybe holders should consider cutting losses and looking to re enter at around the $1 level.

    Holders will be selling so they can take up the $1.10 offer.
    We have all seen this scenario many times before when these companies do a cap raising.

    By the way this raising really is just a temporary solution, they still got plenty of debt even after paying off 2 billion.

    Good luck, I look for an entry at 95c

    cheers
 
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