well the bleeding seems to have stopped for the time being. hopefully it was just the bond converters doing their usual dump and of course a lot of holders jump off with them in a panic.
i still think we will see some action sp wise in march when the current phase is concluded and we have some more information about the size of our coal resource and other variables, plus some idea about the dates for phase 2.
certainly not a wait for the faint-hearted. unpleasant watching your paper holdings going down in multiples of a 1000 if you have a few of these :(
sp action during australia day week, page-14
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