The CBA refi looks like it will be due to occur on the 1st Feb, if the initial finance with the CBA many years ago is an indication. I'm not sure about this date as it may have been changed, or I may have missed something, or there may be a 30 or so day renegotiation period. There is a chance that a black hole (no announcement) could be bad news on the 1st Feb.
Cheers Weined for your response - I also agree that there may well be upside. Especially if using the FME figure leads to a bargain purchase price. I.e if the SP was to fall to 18.5 and no prob with refi - then would be on 5 times earnings - no brainer there! If only the market provided lots of no brainers!!! Above 18.5 I am being cautious. . . but at 6 times FME we are looking at 22.2c.
CXG Price at posting:
18.9¢ Sentiment: None Disclosure: Not Held
