Ann: MCC Capital Raising and Acquisition Presenta, page-2

re: Ann: MCC Capital Raising and Acquisition ... IMO the SP decline is an over-reaction to the CR. The volume traded so far is around double the average for the last month. Smacks of some short selling to me so short sale stats tomorrow will be interesting. Profit result was at the top end of recent guidance so no -ve surprise there.

I personally like the acquisition which has the potential to increase sales by 6mm ton per annum from memory 'tho this will take a few years to achieve. Unfortunately I don't have spare funds to take up the CR regardless of whether the SP recovers in the short term.

ANZ