BSL 1.04% $21.85 bluescope steel limited

perhaps buy at - $1.40, page-23

  1. 27,764 Posts.
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    blowy,

    if the mc remains the same, twice the number of shares, halve the sp.

    Could anyone seriously suggest that the current 2.3 bill mc, that the market will just say, we now rate it at 4.6 bill????

    SP has to fall.

    Their cap raising is almost equal to the extra debt facility?

    The fact that they have raised dollars so many times, does it not sound the warning bells???

    The simple logic is, if someone on the 8th, doesnt sell, someone else will.

    I just cant phathom, why anyone would actually be buying tomorrow, only to see the sp fall, and then be able to take part in the 1.55

    Thats like averageing down?

    Why not just buy the bottom.

 
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