Just thinking out loud, if they do a cap raising, it may be to get
HP /eig more of the company for pennies... Therefore.... A cap raising at say 4 to 7c - then new investors would be expecting a 10 bager at least - 40c price.....
Quite possible...
That is me now being optimistic :) .... I think that once the market gets over the thought of the co going into liquidation we should start to drift up... Funny how no director or management have not bought shares??? I think because they will actually get their permitting sorted soon - possibly in a black out period when they can't buy..
A responsible CEO would have resigned by now...
I will have a look at the share activity and see who is buying and selling over the last week.... Should be a a day or two away...
I just had a look at the activity on the 15th and cosmec sold 1.0m shares and bought 1.5m shares... Biggest net seller is UBS - 1m shares...
Screams of manipulation...
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Just thinking out loud, if they do a cap raising, it may be to...
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