Ann: Downer Signs Fortescue Christmas Creek Contr, page-9

re: Ann: Downer Signs Fortescue Christmas Cre... But two brokers i deal with say it is this uncertainty that is clouding the SP at the moment.
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Hotfire

If it is not you but your brokers, surely you have asked them for the reasons why. Can you give us their reasoning why DOW should raise capital?

As I can see DOW's SP is up by 3%. Why are you saying this is an "underwhelmed" response? What would be an appropriate response according to you or your brokers? +20% or more?


What do you think the new CEO should have done regarding the speculation by the brokers?

Had he announced this morning that the deal with FMG would go ahead only if they raise $400M because some brokers have speculated over the last few weeks that DOW may need to raise capital, do you think that the response by the investors would be overwhelming?

My opinion is that if this were to happen the SP would have been smashed, and smashed as Pompei in 78AD!

There is NOTHING uncertain regarding a potential capital raise. They have clearly announced that they do not intend to raise capital. Which part of that is uncertain?

I am not saying that the DOW management may not change their mind and in the months ahead make an announcement that will be 180 degrees opposite to what they have announced today. They may do that but we do not know it. What we do know has been announced a few times and that is - no capital raise. This is the info you, your brokers and I know equally well. It's a fact!

Cheers.