who said the placing shares were so cheap! Wind back two/three weeks and this was sitting around 0.7/0.8p, if we hadn't had the spike prior to the interims, they could have been placed at a premium rather than discount! That would have had a different response!
The FRR placing in July was at 0.7p yesterdays announcement was at 1.0p. I'd say that was a step in the right direction. 1p is probably fair value before CPR, and progress on Taribani. They is plenty of value to unlock here, FRR have to prove they are capable to doing it.
The idea that this share price will just drift between now and next year is codswallop. There will be plenty of fluctuations (some spikey) over the next 12 months as there have been over the last two/three years. To sell up and come back next year is to miss out! The best bet IMV is to both hold some and trade some! Best of both worlds. It also stops you worrying about some of the cretinous comments on here, where folk think they can influence sentiment! DMAFF!
It doesnt necessarily follow that because some investment company has taken the shares that things must look good for them to do that. Ive been invested in a couple of shares where companies have took large stakes only for the companies in question to go pop soon after. Surely, if good news was just round the corner why would you place shares so cheaply. A few on this board predicted 2p by this week which as usually hasnt happened. If the shares rise shortly SN and co couldve raised more money or created fewer shares. It just make me think the share price will be lucky to be any higher than this in a years time
Markets are down in general, which is why many experts suggested staying in cash . Some call the FTSE to hit and go below 6000
how bad could the markets sentiment get is the big unknown, but being in cash means you can buy on recovery, or stay out whilst drop continues. If the market crashes you still have your cash, and can make a fortune buying back in whenever the market turns. Frightening times but not so bad when cashed in, and sat waiting to see a time to buy back in. Not just FRR, infact when recovery comes this could be a winner, but for now those prudent to sit in cash may be the winners. The best question to ask yourself is how much could i lose? not how much could i make !!!
You can always buy back in, if in cash, but how far can a price drop. We are in a very unstable world, financially and politically and its effecting world markets. It COULD lead to a crash. Its balancing on the edge right now
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