Given the share price continues to be under pressure it’s fair to say all support for BAT has been lost at this stage.
Meeting next week to approve the placement. If it falls over I suspect it will fall into the 2s. Still at some stage it’s got to become a buy, still a lot more advanced than others. An update around offtake agreements and whether they remain on foot, plans going forward etc would reassure the market for a start.
Typical of this company though, had no rise in share price when they got the debt and gets slammed when they loose it. And where are those buffalo drill results, longest turnaround I have ever seen. They must stink to be hiding it for this long
BAT Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held