RE: Where's the bottom?6 Aug 2018 14:02
The interesting thing is I read into the canning of the placing was due to market volatility... I. E. Too cheap as the share price dropped too quickly. I'm guessing but the big investors didn't like the idea of others getting in too cheap. Tbh I really don't know but what has happened is the mess up has left BCN an easy target for shorting. No reason for me to sell at this level but we do need some positive news.
Also by producing that report Morgan Stanley have created it harder to get finance.... so could affect the market so that less is produced as the new players can't produce, which'll help out existing producers.