can i still buy?, page-26

Pesa
I think you will find the damage to the share price has already been done.
People who want to trade all have shares to do so now and these have been trading for the last week or so.
If they want to get rid of everything then they can trade their rights as well.For those that cant raise the cash to purchase shares from rights this is an obvious way to go.
There will be a few who want only a set percentage in their portfolio and will convert rights and then sell but with the extra brokerage etc will require a fair premium to do so.
The latest drilling results indicate previous owners did not find everything(which was my fear)
At the moment there are still angry people selling.Angry because they feel forced to invest further so as not lose out on the 1.5c or forced to sell either rights shares or both because they had no further cash to invest.
The anger will subside or new shareholders will come in and this will settle 2.5 to 3c in the short term.(Parity with the 4c just b4 rights issue would be 2.6)
I Watch the quarterly with interest because to me the biggest threat is high costs of production making us vulnerable to gold going back to say $700.
If cost of production rises say 20% I will consider selling.
Im not sure what economies of scale (if any )can be gained from running two operations.
I do feel there will have to be some runs on the board from Central B4 this share reaches its potential but 6 months if they can do it that quickly is not a long time to wait.
In the meanwhile the quarterly will be an indication of managments ability to run a show like this.