RE: Every rns9 Dec 2024 22:35
Not all RNSs have crashed the SP.
The operational update on 29th May resulted in a 39% rise in the SP on the day followed by a another 4%+ rise the next day.
From 2.92p up 5p in one day and then a high of 5.20p the next day.
This was then followed by a steady drop over the next month as the market correctly expected a raise to happen as it had done for all previous milestone RNSs.
Wether there will be the same expectation in the market for a raise if another very positive RNS like that lands next then we will have and see, but ... if the next RNS states that we have a sales deal all signed, sealed and income finally secured, then that would surely boost the SP by a lot and also mean that an imminent raise would not be needed?
We need to know much money is left from the last raise of course, but I can't see how they would have burned through that already. Plus MB needs to the SP to be a lot higher than it currently before he could dilute it again.
Plenty of RNSs due, but as always we will have to be very patient, wait and see.
Fingers crossed for a red dot one day soon and with it also a very positive RNS with zero caveats in there.
GLA