RE: SP breaking down28 Aug 2020 07:51
Highly unusual for any share to be driven down and sit so much lower than the raise offer price, but i guess not unique. Most i've been involved with levelled off close to the offer before rising again within 6 weeks or so. 2 including Solg went about 10% below the offer before rising to 20% higher than it, in a shortish timeframe as well. Another, CAI on the ASX hasn't come near the offer of 51c and sits @ 55c, but hey no guarantees. You either take your chances or you don't. I've personally taken my chances and consequently my ave up to 142p by topping up 3 times now well above my old 105p ave, at 169p, 148.8p and yesterday @ 136.5p (wow). Didn't think we'd see a 30% drop below the offer but suits me perfectly to do this. Will i blast in again. You bet. 2 more top ups either higher or lower than yesterday's close will do me fine here but all importantly well below recent raise level is tickety boo, fine and dandy etc etc etc. Chill plls all round. GLA. :o).