Normal
The $14 is now irrelevant. That price was set several months ago and Sumitomo are committed to buying 20% of the company at that price.Attention now focuses on the upcoming cash issue and clearly investors aren't prepared to overpay given the current poor profitability of the company. Is that a cyclical problem? Time will tell!
The $14 is now irrelevant. That price was set several months ago and Sumitomo are committed to buying 20% of the company at that price.
Attention now focuses on the upcoming cash issue and clearly investors aren't prepared to overpay given the current poor profitability of the company. Is that a cyclical problem? Time will tell!
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