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Share
1,459 Posts.
2
28/03/08
19:40
Share
probably will go lower as sentiment is so bad. however i had to buy some at 95c.
not good that on back of envelope calcs they are down $50m on the 2 hedge fund purchases (80m~ shares X (1.57 - current price 96c).
May be a few years before they could off load at a profit.
Unlisted options and LRF2 holding the shares is making the company more complicated which will also put off some investors.
Let's hope for a surge in the 5/6 key stocks so they can off load some and get some cash back for on market buybacks
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