RE: 202513 Oct 2024 09:51
Clued - its a very good question on the opening price - I think we can all guess the initial mood might well be - be thank god, sell and move on..... BUT for me personally, its about where the price is likely to be in 6 to 12 months and my thinking will largely be influenced by facts that we have yet to see - for example what is the new business plan looking like. So for me, whilst the price might drop, it could create a buying opportunity. I can't help but feel that a prospectus price will mirror the recent placings at 0.3 otherwise some big money investors are going to be really upset. So my recommendation is consider all the new facts that should come out and make a judgement where this could go and of course reflect again your own risk / reward appetite.
ATB