RE: CHAR20 Jul 2024 22:41
Matd, He1, not quite the same
Matd gave the market doubts about July's date
He1, did x17, and little doubts over Lorna getting things moving on her time lines. just. the next fund raise :)
Char, 13% discounted price, only ~10% more shares being issued, open offer about ~1/3 of the new shares...
OO, I think it was 1 for 46, so if the average holder has 100,000 shares, thats about 2174 shares or £141 worth.. So not sure you will see many selling some to pay for them, but it is a 13% discount, plus increasing potential upside, so who know, but any increase in sp will improve that discount..
There will always be those that think it will go sub 6.5p, so maybe a brief drop below..
But overhang, just 10% of shares, probably already forward sold..
Take a look at QEDs raise while the big contract was imminent(still is).. It flashed below placing price then very quickly sat at a premium and stayed there
Not previously flow tested, typical, so not a dead cert,,,, was there a JV on the previous results ?