RE: Seller is done?6 Mar 2024 12:17
You will always get the egotistical people like Alamo saying I was right to sell (even though he’s actually worse off due to HEMO) when a SP is dropping but mark my words they’ll disappear when it starts rising and it will!
I have been around long enough to have felt the pain in stocks that have gone on to 5 bag and some I’ve got impatient sold and then they have bagged that’s even more gutting!
I also have no problem cutting a stock I don’t believe in but for me I very much still believe in the story and the CEO here, yes it’s frustrating and painful watching it drop but you have to just switch off and ride it out or sell if you don’t believe.
I’ve never been in a company where they have addresses a fall in SP via an RNS and as JH pointed out to me CT doesn’t do interviews via proactive etc so it is not unusual that we haven’t heard anything. The accounts are due I think in April so that will tell us where we are in terms of a deal if talks are still ongoing in the forward looking statement and if still cashed up to Q1 25.
You only have to look at the chart to see how quickly it can go up and down and mms are happy to keep driving it down if people keep selling and that’s all that’s happening.
I think the Mcap is getting silly for the assets we have at the stage they are at and soon or later it will start getting bought up IMHO GLA