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clock Created with Sketch. 05/05/15
21:44
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Originally posted by Slinkster
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Well I have bitten the bullet today and subscribed for my new shares in the rights issue and a sh t load of shortfall shares.My reasoning being management are up to their necks in it topping up in the placement and fully subscribing to the rights issue while taking 50% pay cuts , they,re not doing that unless they can see a positive outcome. As Micky says it will eventually happen which is my belief as well, just hope within the next 12 months so my options a worth a motza.From the info I can gather there is still a major player very keen to buy los calatos in its current form, they are just trying to steal it , although they may have too come to the party if copper price keeps appreciating. The re jigging of los calatos has also had renewed interest with its potential for a much reduced capex which opens up a whole new list of potential acquirers.I will be interested t0 see how much gets raised next week , anything over a 30% take up in current climate is probably a bonus and I think management would expect this but anything well north of this could break SP stalemate to the upside.
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A very good post there, mirrors what I believe. Taken up my rights, although not any shortfall shares. Like you management are not buying in left, right and centre if they do not believe in the future of MNC!
