its seems that some opportunistic investors from HK are prepared to have a go. Typical of a bull equity market....lets see how they go.
My reference to trash in the context of GNS, ELD and FEA is that if you look at the raisings in the market over the past 6 months (about $60bn) the quality of the raiser has been declining dramatically in recent times. The good go first and the strugglers come along at the end. When the "honeypot" comes down, if it stays long enough all tend to get to stick there fingers in, even the agri business companies which are at the bottom of the pile if you like.....
so in that sense given the amount of money sloshing around it is perhaps not surprising they got an investor (albeit an offshore one - interesting to see who this really is, whether hedge fund or chinese company makes a big difference).
FEA Price at posting:
13.7¢ Sentiment: Hold Disclosure: Held