gself - The funds raised from the Rights Issue were principally used to retire bank debt, and repay provisional pricing liabilities. IF GFTG hadn't stepped in then they wouldn't of got that kind of backing or cash from the institutional investors in AU.
At the current SP their largest shareholder GFTG is getting no return for its investment nearly a year on. Yet the GFC has surpassed, commdity prices have risen, MXU will float.
The RSPT is the killer. It was rumoured in Jan/Feb, that was when the mass selling took place.
KZL Price at posting:
56.0¢ Sentiment: LT Buy Disclosure: Held