Pat - a little more to it I think. The SP was heading for a triple watch breakout at the last touch of 15. Lots of good announcements and looking to hit 20. Brokers value Sp anywhere from 30 - 45. (Next MAD some think).
In the middle of this, they did a cap raise at 12 to OS instos and then extended it to retail SH. That broker the "chart" and created an arbitrage. In my view, the only step management has taken which has been really thought through - or it has and they didn't care.
At the time of the cap raise they released some great news (3 ann) and more recently another great one.
While I am a trader, I see a double/triple by Easter given their fundamentals. Their hit rate in the Miss Lime is fantastic.
I think after teh 12 placement shuts (next Tues I think) then we will probably sit around a bit moving into Xmas. Next Qtr will be a big one.
Pat - a little more to it I think. The SP was heading for a...
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