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7,157 Posts.
160
17/01/13
22:19
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If that is the case toph then it is very good ST news as the SP will have to go much higher with some sort of solid news to back the increase.
There are almost no sellers at current levels, the entire offer side was approx 100k at the close against almost 1mn on the bid side.
To attract sellers to hit the sell button CAP's SP will have to be much higher on decent volume.
It's the sort of situation where a convertible debt structure with the conversion window opening say in 2016 would make sense imo.
I have worked on convertible debt projects like this in Ukraine and they certainly seem to work for both investors and issuers.
Whatever is waiting in the wings the SP increase and lack of sell volume would indicate its better to be in CAP than out atm.
EB
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