Over-reaction20 Aug 2009 12:58
Agreed a massive rights issue will always dilute a shares attractiveness but this company has not halved in value overnight. If you believe in it keep it. If you are a day trader hopping from one "in play" share to another trying to make a quick buck then drop it. This market is being driven on hope right now, not fundamentals. No bank would underwrite such a massive R/I without belief in the long term value of CAL.