in the current market climate where nothing is sacred the revelation about the massive trading losses not by an experienced investment bank, but an otherwise anonymous tasmanian nickel explorer is nothing short of spectacular. what is even more remarkable are the comments by the chairman who "If SocGen can do what SocGen does then other people can have a little flutter” SPARE ME!
had zinifex not extended the bid, can anyone imagine what the price would have fallen to today in light of the wider market circumstances and reactions!
AGM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held