reproduce this stuff from Bulls (who are they anyway?) if you like but it is bolleaux because there are some heavy hitting institutions who are putting up cash at a higher price than that and some of them were the guilty few who have been shorting the stock in recent months
The price will have a new bottom on it and the shorters will now be in the tent peeing out which should mean a healthy rise in the new year
The market for rights issues and new raises is deadly at the moment it is a sign of how well the company is perceived that it has had little trouble raising very substantial funds whilst other placings IPO's are being pulled left and right
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