the sellers just misread the market's reaction to litigation news and news on pending pelorus challenge. They were so scared they chased the price down from 32c to 23.5c....they sold into lows of their own creation...you can't get any dumber than that especially when the price was set to hit the high 30's. A good operator would have not scared away the buyers last Tuesday. They made the same mistake yesterday.
imho, the market doesn't care less about the litigation or pelorus's challenge. All too far away and complex too worry about.
The 30th April deadline and the refinancing are what counts. Any news on this front will definitely affect the sp.
CNP Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
