RE: Insight7 Apr 2023 10:19
Zag no limit of 10p.
I think some are managing expectations. Absolutely anything’s possible. It was at 5pish for what? Now it has more of a reason for re rate or whatever you want to call it. GS20 being tested, we got rid of some loss making arm, took over a company , applied to sandbox, got rid of CLN which is always an overhang on sp.
As I have said before 2.2 p would be nice next week to let those lth’s out or breath relief. 4 to 5p even better to let the 5p cohorts out. From then it’s up to all what the SP should.
This time of SP movement is rare. Pre 2013 it was common ever since the block of shorting/ borrowing shares etc passed in Nov 2013. Still happens but not as much.
Those trading long enough will remember movements like this were oil tied to oilies like GKP & AFR!