We should find about the Friday trade tomorrow, after the settlement.
In regards to share price, it will probably go down on the coming days as the hook is set with low price, but still tempting enough for some of retail CR to unload with quick gain of ~20%.
So this and next week the SP might dive to $1.20, but eventually the fundamentals should prevail - especially now with $78M added cash, as the debt is significantly de-risked.
Ann: Cardno Provides Market Update and FY16 Guidance, page-143
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