RE: strongman6 Sep 2018 10:53
This problem could be catastrophic for the company. It's a risk not worth the reward IMO.
I might punt £1k at sub 7p, after this has drifted down over the next week or 2, but that would be all for now. I'll explain why ...
What was a fair (and decent) gamble, now has a huge unknown added against it. Why take the huge risk of investing at 8.5p with all this unknown, when you can wait and invest at 10p or so once (and if) the problem is fixed? If you are investing for the drill then you are looking for an upside above 20p (maybe well above) vs a downside of near zero, so is this additional unknown really worth gambling on? Not with any real money IMO. Just wait for the outcome (or proper information) on the problem, and pay 20% more.
If you watch these forums and twitter, you'll see a number of big holders & placement takers pumping it while they de-risk and dump shares!!
Best of luck
IG