Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Hi all,
Please can someone check my understanding here? The proposed 10 for 3 rights issue at closing price on 30/09 of £1.30 with new shares of 32p. If I owned 3 old shares (3 x 1:30) or £3.90 of stock, I could subscribe for 10 new shares at 32p (10 x 32p = £3.20), giving me an average sp of £7.10/13 = 55p approx.
Obviously the SP has risen recently due to positive sentiment but with 6 billion new shares potentially being added, where do people see the SP falling to in 2/3 weeks time, when/if the new shares are voted through and admitted to trading?
Under a pound or will there be minimal sellers and a drop followed by a swift rebound?
Have I got my understanding right? On the outside watching closely.....
Thanks to anyone that replies,
Matt
Incoming?
Does anyone think there has been a leak here or is it just a long overdue rise on steady news? Or seller cleared?
Thoughts?
Ps I think it will open up in the morning so won’t consider selling mine
Couldn’t agree more. There is value in the brand and they can service their debts if they extend the mortgage as it were. AA has done this for years but now it’s actually looking a safer bet than an awful lot of other stocks out there.
30p close anyone?
Fascinated that this isn't in the 30's. Does anyone know of a quoted figure per share any would be purchaser has mooted? Presumably all cards are tight to the chest as if 40p a share had been mentioned thats where this would be sitting?
Any thoughts most welcome
I too think the RNS we are all waiting for will land next week. I just differ in that I think the SP will be far higher. I think investors are pulling out of many shares and investing back in to the covid stocks - a lot chased the massive rises and then there has been a pullback. (Like in Avacta for example). It now seems like a lot of the volatility has gone from this stock and it now appears to have a much firmer base. I also think that it will rise further in anticipation before....
Not saying what SP this will hit but I’m holding tightly.
GLAH
Matt