RE: Panic22 Jul 2020 20:54
Let’s remind ourselves about sub 35p it went there momentarily, and bounced aggressively and had a run up to 82p.
Since then they raised a further £150m, alongside the £450m raised in March and were recently about to complete a £20m government loan.
Admittedly from our point of view we suffered some dilution, but the short term future of the company was secured.
People saying I’d buy at 35p, it’s like saying I bid £150,000 on that house and damn I didn’t get it, they didn’t get it because the house was on sale for £300k, it was never coming.
Same ones go round tyre kicking but never buying.
At 54p it’s maybe still risky, but balanced against ‘risk & reward’, it’s got helluva a upside.