Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes some retail investors got them on Friday. However institutional investors all had them ready for the opening bell.
It’s not the company that determines the opening price, it’s the exchange.
I have not received my allocation yet! But can I confirm people that did were able to sell?
IPO share holders cannot sell their shares immediately as it is in the terms on the contract. I was fortunate to have bought some and had bought some more at 23p. I think people panicked Friday thinking IPO shareholders were selling and bringing the price down whilst if you do your research and not listen to others we cannot sell. The company has to determine the price based on the market.
It’s all fishy to me. The opening price of 20p was based on supply and demand. So there must have been an equal amount of orders who would sell at 20 and buy at 20. However theoretically there is nothing to stop institutions putting in orders to buy at 20 but not fulfilling them, but they could still sell. Nice work if you can get it.
Eh? That's exactly what they done Exeter. My 5p shares are sitting in my account right now.
i dont understand. but they did sell for 5p and they did open at 20p? ergo giving people the opportunity to get a x4 return?
Not straight away but yes they probably will raise more money over the coming period which is acceptable and understandable depending on what it’s spent on. It’s not unusual and common practice, going forward dilution of a share isn’t always great. 95% of aim is burnt on it
Do people with IPOs serious think a company is going to sell an IPO for 5p and then open a share for 20p giving away the opportunity for you to bag your money X4? They would go broke! Have some common sense. This is investment. This company will rise, it has good potential thats what you should have read and invested into CBX for not for thr hype and rampers!