RE: The future24 Feb 2024 14:32
Ace. You asked, so I respond.
Nothing that’s not obvious as a thought, even to the most dedicated holder. Whichever way it goes. For me, the whole point is in the money, price you buy, price you sell.
So, that any additional funding for whatever reason, acquisition, working capital, has been concluded and promulgated. It may be a very large step financially for Ggp, if Mr. Days aspirations are considered, potentially involving dilution, which may be at a premium or not to the then share price. It may include ASX listing and offer. No pi wants to be diluted, though some will take that calculated risk, buy more at what they consider a bargain price, and look to the future and accretion kicking in.
I think the current market reaction reflects that sort of thinking, just now. I’m just another punter amongst many.
Overall, I wait for a change of sentiment, based probably on RNS rather than town hall. Then if I want, chuck or drip-feed my few quid in. Realistically, that may be after price settled out, but sometimes it’s volatile, as you know.
That will be my last post in deference to those not wanting outsiders posting.