RE: Shambles28 Jan 2025 09:10
Wazaaa, my own view (pure opinion) is that many private investors are waiting to see what they get in the raise and not buying at the current price (+c.30%), while IIs may be selling stock knowing they are about to get it for 3p (see the bunch of 25k autotrades this morning). I suspect after the amounts PIs are getting is announced, some may seek to top up in the market, while some IIs may also seek to offload some stock for a quick buck.
Once all that nonsense has worked itself through, we may return to some sort of normality but in the meantime, I personally wouldn't pay too much attention to the price. Plenty of news to come this quarter and that will drive the price once the funding situation sorts itself out. Just my view.