Thu 14 Jun

Trading portfolio This morning I sold out of Global Geoscience (GSC, 42¢ down 2.5¢, $562m) at 41.5¢, making a 2¢ loss on the purchase. The shares opened weaker after its $53m institutional placement at  41¢, thereby diluting its own shareholders by 10%. There is no excuse they can reasonably offer for dudding their own shareholders … Read more

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