Interesting segue into another dynamic of massively diluted companies with nearly a decade of lower highs - people sitting underwater for years at a time. Imagine the resistance on the way back up.
It's not just the "coal days" you have to worry about (http://hotcopper.com.au/threads/wkt...this-time.2701830/?get_post=true#.V9ybx63zqUk)
You say I can't "work out if it's the cap raising or not" but from the perspective of a non-holder it's an almighty coincidence isn't it. My view is that the sophisticated investor clients sold out after realising they were not going to get the volatile gains they wanted.
250m shares were sold down from institutional broker clients from the date of the 0.5 cent capital raising CR to the middle of this week. You're on the wrong side of history if you try to sell that as a good thing or as a coincidence, particularly when the company is going to have to come back to market for more money in the not too distant future.
As for ComSec, ask 9/10 of the retail traders and investors who use DIY trading on here and it will be ComSec or perhaps ANZ. You're on the wrong side of this discussion my friend.
Many people have tried to put lipstick on this pig but it always seems to wear off pretty quickly.
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