I think there will be a bit of pain today as we are 10% down but the placing was done at 0.3p and at not a great discount. This suggests that the base price will be 0.3p for time being so if you can manage to grab some share around this time then great as those that invested 1.75mil at 0.3p would want some good returns, so expect not todat, may be not tommorow but next week or in next few weeks for Sp to rise back to 0.45p-0.50p area as soon everyone would have forgotten about it and will be talking about the cash in the bank and the big news to come. Dyor, keep faith Gl all
loads more suckered in at a high sp. Larger spike than the last one .hope some of the long termers sold out at a recent high and buy back in as obviously going to be 1p or 2p sometime never. It is common knowledge I thought that the access to the credit was tied to bopd and obviously current or short term forseeable does not allow access to full $25 million, common practise in fund raising. Hope you sold some OML and good luck to all traders especially longtermers that are hopefully realising that this is a share to be traded on highs and lows and not for the long term in my opinion. I would only trade if could purchase at .20p or not interested.
Was just talking to a friend of mine and he said fill your boots, If the interims were bad news then they would have kept the placing back and whoever has bought knows the results or they would have got far les than .3, Nice 2million buy.
ML is obviously trying to speed things up and has elected to place before being able to have full access to the $25m facility, so its not all bad news, although its safe to say I was shocked by this mornings RNS
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