Morning. You’re all happy then? $4 million added to the market cap overnight so needs to be value accretive: something that Vince has been unable to deliver for over two years. I notice that it doesn’t specify time period or which projects will be advanced. And only enforced a 3-month lock in.
Sorry to sound glum. I hope it all works out for you. Well, most of you. Not Darren, obviously.
Well, I for one am begrudginly pleased by that announcement as:
The placing price is bang on where we’ve been stuck for a week It secures the companies near-term future The big shareholders took the bulk of it and are subject to a lock in It explains the constant 1M sells
Let’s see what happens with regards to the final results. One would hope they aren’t too disastrous considering people were happy to go hand in pocket at 0.33p.
You surely can’t dispute that AIM traders are generally stupid? It’s herd mentality, survival of the fittest. Lambs to the slaughter on Twitter. Invariably a chunky buy brings another 3-5 buys along with it. A chunky sell does likewise. It’s not a place for contrarians.
Mind you, I bought back in at 0.41 so what do I know!