CPL 0.00% 2.2¢ csl finance plc

Profess, good post.....am glad i was wrong this morning on the...

  1. 709 Posts.
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    Profess, good post.....

    am glad i was wrong this morning on the new low... hopefully this is a turning point. I think the announcement today (though it didnt go far enough) has helped calm some of the panic sell....

    I beleive the company is going to do something to sort the shorts (or at lease pressure whoever is lending the stock) and beleive moving the stock from 1 custodian broker to another will aid this.

    I dont beleive we are a long way off (or at least progress on) funding - the last 10% of the deal will take the longest time to sort out, especially if the JV partner stems from the Asian region. We mignt be in for a nice suprise in Q3.

    Operationally the company has done well in terms of hitting all the previous milestones (finance excepted).

    Being such a low cost producer may also be spooking potential backers, its up to the company to convince otherwise...

    have a good week end all....

    good luck

 
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