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Has 424m traded so LSE site has 70m shares missing in its traded figures.
I wonder how long it will be before we can see why the sp hung around 1.20 all day ( if ever ).
No logic in the figures today so what don't we know ?
The SP has hit a low point. The last two weeks it rose into Thu, held Fri then started to fall on Mon.
Here’s hoping the pattern repeats this week. Presumably expectation of an RNS Mon, FOMO and disappointment when the RNS didn't appear ?
It’s bang on the placing price,
If that was an attempt to control it it was as surprising as 14th Feb being Valentine’s Day.
Expect it to rise tomorrow after the placees spend buying even more with all the cash they made forward selling, while we watched the value of our shares drop.
Roll on news a decent RNS and a move towards a value reflecting the discovery if confirmed.
That said with 3.5bn plus shares 10p would be a reasonable target against 28p with 950m shares.
Placing shares admitted to trading tomorrow ( yeah I believe that one - no forward selling nod nod wink wink ) so expected this today and tomorrow.
MMS, placees and traders looking for another bite of the cherry - don't sell make them work for it.
Hope this will rise after Thursday maybe a nice bit of FOMO Friday and a stonking RNSnext week.
Still unimpressed at HE1's handling of fund raises, maybe things will be on the up and up after tomorrow.