Can Tom explain why this proposed mass of new shares is entirely 'in house', how the price of 6p is arrived at, and why your shares are going to be valued at 1p and not, say, 5p ? Actually, can anyone answer those questions ?
Yes - trying to find an unbruised part of my body that's left to kick - I didn't even get in at 17.50 (would be selling now if I had - too many bad experiences lately).
Not taking issue with your general point - except my feeling is that fear counts for more than fundamentals in the short - medium term in the current climate - across all shares.
The way I read it this is not just a delay in the settlement but a reopening of the dispute, by Peak, which won't be thrashed out until end of July - possibly. Please correct me if I am wrong.
GedW - I seem to recall some sober comments from you in past - I wonder what your opinion is of the talk about the 'TMP order' and any imminent price rise.
Not seeking to criticise anyone posting today !
Thanks.
Hello abyjoe, my point is that there are currently 80odd million shares - the new issue is 170odd million - if they all hit the market at once isn't the price going to tumble ? At least short term. I very much welcome correction on this if I'm barking up the wrong tree.
Are you saying that the mms are accumulating the shares now to sell to TMP later ? If so shouldn't us mere mortals be finding the shares hard to buy until the mms have got what they need then up goes the price ?
I'm not sure you're being honest - whenever I look at a share that's shot up you're always there - if it's not a crystal ball then what the heck is it ??
What timescale for a rise here please - I can buy these for 4.08 which seems at odds with the positive talk - not a loaded question - hoping for enlightenment.