For those who once again haven't done the proper search on HC, I did say the ANZ deal was massive for the stock on 28 Nov.
On January 2, I posted the following (at $1.49)
"To all the longs out there, just be wary that every equity markets capital raiser will be banging on FGE's door recommending a capital raise, with something likely post mid-January when the insto equity fund managers are back at work. If you're long at these levels, be mindful of what a large discounted raising would do to the price.
I don't hold a position, but hate seeing uneducated traders buying on momentum and not fundamentals. This company needs to undertake a large capital raising as it will not generate enough internal profit to bolster its balance sheet. This company will need to offer a significant discount to get the amount of new stock sold.
Caveat Emptor to the longs, and deep pockets to the shorts, but the party pooper is coming."
I didn't realise you can't change your mind on a stock !!
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held