As a share holder of this stock, i have become numb. And thats a good thing because now I can hold indefinitely. Recovery of City Lodge could have really good returns. For now it seems fluctuations are slowly dying down. At this point we hope for some good news that could send the share price rocketing. The hospitality industry doesn’t seems to have reacted very positively since lighter regulations where introduced but for now we just play the waiting game. I may possibly expand on City Lodge but I wont discount how risky this move will be.
My hope is the rights issue doesn’t come to naught.