The placing price of 57p formed a solid bottom for the share. It will definitely go higher in a matter of time. The risk to invest at the current price of 63p is minimal. That's why I topped up again today. Or, if any chance, it drops close to 57p, I will definitely buy more and wait till end of 2017 when all products are out in the market.
good news on the 18month shelf life for csd500 but a pity they couldn't have raised money at a higher price. 57p looks like the floor as they have placed at that price before. I will hold off till around that price to get more. gla
No institution puts its money into a small company unless they consider that it has great products and/or services and the shares have great upside potential. I think this underpins the thought of £1 in the not too distant future and the greater chance of a trade sell within 12 months. Seen it all before, its called strategy not chance!
Anyone new to this be mindful of the many who get so carried away by a certain stock after the donkey has bolted. Was last on just after FUM had its sudden surge with predictions of over £1 in weeks etc .......happens all the time .....when will they learn there its all chance , ifs and maybe's ......better off putting your cash in an equity based ISA with Fidelity
Already had £12 lined up - "The accelerated bookbuild has been successful and the Company has conditionally raised a total of £12 million in gross proceeds via this Placing, which remains subject to the passing of certain resolutions by the shareholders of the Company at a General Meeting. As previously indicated, a circular will be posted shortly giving Shareholders details of the Placing and giving notice of the General Meeting."
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