With all of the raising of capital through recent dilution, with the result of significant attributable per share value shrinkage, the appropriate question becomes, what does Management of Connacher intend doing with these funds?
If it is simply to Build Algar, then we are well and truly scre***. But, if the objective of all this capital raising is to truly to increase Connachers footprint, and if execution is effective and if the economy does not go into a depressive state, we might be OK.
As th movie says, "do you feel lucky punk?"
Brian