"There was a general understanding from the market and investors that the cap would have to stay under $7.50 for 4 months before the banks could do anything. "
The only people who cared about this were the shorters.
It's meaningless now thanks to Phil and the banks.
I too am waiting for the 'mining model model is broken.. their costs are too high especially with the price of oil.. small miners will go broke...'
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babcock & brown limited
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