What price this to open on Friday?20 Feb 2020 16:50
40 pence is perfectly likely. I reckon the mms are holding lots of shares as the price has smashed through numerous stop loss levels. The company is actually in a much better now. They have raised a load of new cash, got rid of outstanding warrants and options and have significant more cash in place. But the mkt always prices too high and too low. So I think the buyers will come in if the stock does break into the 40’s but there are plenty who just want to get out flat now. I bought these at 66 sold out at 196 but am back in at 85 average now and will buy more if it tanks again but make no mistake....this could fall a lot yet so only punting money!!