I have to agree with you except I doubt we will see much activity today. think investors are trying to comprehend what the results really are.
There is a lot of unknows in the numbers and its difficult to really understand the try debt position when the award was made post the half year and stradled into March 13.
The impact of the Carbon tax makes comparatives very difficult.
I think the full year accounts will provide greater clarity, however I believe the share price will benefit if the board can finalise the long term funding with the lenders.
I suggest that there will be an announcement either late friday or Monday morning that the negotiations have continued and a resolution has not been reached, however the lenders have extended the facility out for another month.
The terms of the long term funding will be key, ie will the board need to raise equity?
AEJ Price at posting:
$8.75 Sentiment: Hold Disclosure: Held
