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R1 / HH hope I am wrong so no more pain for existing holders sitting on a loss and I am happy to watch it rise if I am wrong but I just don't feel comfortable to punt this at current mcap and sp given lack of meaningful info or any revenue coming short term. Possible they will need to raise more funds before revenues too.
I have been watching this since day one but personally can't justify signing up yet although not far off a point I would consider first batch around 7p but if that chance does not come wish you all a decent SP recovery eventually ;)
Looks like this will drift towards 5p IPO price soon especially meaningful progress or updates not due untill autumn oh dear .... Average down or try predict bottom which I suspect is probably 6-7p as around 35m mcap seems fair as things stand 42-43m mcap still high and there was a reason for 5p IPO perhaps that was and is fair value ?
Sidelines watch list for now for me.
Thank you all
1.1% is incorrect please prove this, my sell and buy price has over a 3% spread atm.
1.1% is not a low spread either.
MM's are bleeding us dry with this share today, been watching carefully for a few hours and there is absolutely no reason for this to have dropped, but the MM's have dropped it.
It will rise but sadly people will get scared or just get sick of the drop and sell (Which is exactly what shorters and the MM's want) They will soon put the price back up when its time to offload their collection of under priced sells. Day traders can't even get a bite either due to the high spread. Its competely in the MM's hands but they will have to let it go eventually.
This share is has looked good from 11am (8.55p bottom)steady climb back upto 10p, anyone getting in under 9p is lucky, even day traders will make a nice few percent too. I cant understand the small few still selling at 8.5p..ish, but at the moment the buys are out doing the sells so the rise is on its way.
@limpingalong
Thank you. I stupidly bought on the hype but always had a long term view with it as knew it wasn’t set to get going until the latter part of the year, so it hasn’t really concerned me. At this price though, I’ve changed my view and can bring my average down significantly with spare funds.
@CWood, speaking personally (and there will be many thoughts on this), if I get caught on a "spiky thing" then assuming usable funds are available I will aggressively average down if the opportunity presents itself and that the stock viability is not suddenly in doubt. I stress again though I'll only do it with available usable money, and with the assumption that it will be tied up for a while. all IMO
Not a massive holding but bought £2,500 over 21p so £1,500 down.
Good time to average down? Was going to let it ride and recover long term but so tempted by current share price