You could not be further from the truth.i hope every single bowleven investor eventually gets at least all there investment back and making a profit would be superb. I have been in and out here for over 3 years and witnessed what happens on news time and time again, and in my opinion it will happen again on money in bank. I pray to god that am very wrong this time and it rockets and re rates . Money in bank is 34p plus current price of 31 p means this should be al least 65p once money is in bank but i really really can't see that happening as much as i would love to see that happen.
There is no way on this earth we will see a 60 percent rise from 31p to 50p. We may see a 25 percent rise to 38p ish then back to 30 before Easter , if this goes near 50p if you email me your address i will send you a case of twelve bottles of of of scotch whisky
First tranche: $170 million cash = 170/324 = $0.524 = 34.5p per share
This, of course, leaves absolutely no value to the remaining monies due with Etinde development and the 25% stake holding or the Bomono and Kenya assets. So any further value to shareholders is in the lap of the 'Gods of AIM'.
I do not expect the sp to go below 30p at any time because we all know the money will be in our bank account at any moment, by that I mean we could get an rns saying we have been paid at any time today up to 4pm-4.30pm , Wednesday ,Thursday or Friday. And we all know that if you sell now you may not have a chance of getting back in at a good price, most pi’s are playing it safe. It’s only a few shorters that think they might be able to make a little bit in a gamble before it goes to 40p-45p.
Thanks. I believe that the price will spike initially but will not reach 40p. I don't expect an immediate drop but do expect it to drift down because I don't think the newsflow will be positive enough to sustain it. I think sub 30p. If I'm wrong so be it but in this environment I will gladly take a 30% profit vs. waiting months or years for a re-rate.
Just to be clear mate the weakness will be very very short lived, caused by pi's small traders and loaded book with no intention to sell orders (nitso's) and when the latter start to get eroded ( remember if they're advertised on the book RSP they legally must trade against any order recieved from likes of BARC's HSBC etc) ie the blocker orders get taken watch the liquidity dry.....it'll be quick....don't get mugged
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