Brewing Nicely....1 Feb 2022 17:46
.......All the signs suggest this is getting primed for substantial move from here. I'm expecting to see a push to the mid 20p range perhaps as high as the low 30p level over the next few weeks. If news about the buyout drops, then a push to 40p or 50p isn't out of the question in my opinion.
I definitely think the market is undervaluing the potential here in the very near term. I think any deal will be over 50p personally, and although it's perhaps a little optimistic, I wouldn't be surprised to an offer tabled of £1 or more.
A lot was done to get the share price down over the last few weeks, but a lot of significant people have also quite happily forked out some major cash as high as the 20's. They know what's coming in my opinion. The people who are now potentially holding the cheapest shares have also agreed to be locked in. I would say that's quite indicative.