RE: Can't sell a bean21 Apr 2021 16:57
I’m an avid reader here and very much appreciate the well-researched posts of many. Also really dislike the occasional personal insults etc though, it is pretty embarrassing in my view.
Having bought in dribs and drabs over the previous couple of months, I’m now sitting about even after the recent sharp drop. No plans to sell and definitely not deramping, however I did wonder at the time whether the placing might act as a short term sustainable ceiling/anchor for the SP, as well as a floor. This is because you can only assume that PG didn’t feel that PRD / existing shareholders, including himself, were getting a terrible deal at a 10.5p placing price. I think that sense has helped to drag the couple of subsequent spikes back down in the absence of further news. Hopefully that news (as others have noted, expected to be re TT) comes soon and helps allows a more sustainable rise into the drill.