For any new or would be investors...19 Feb 2024 18:52
The share price here went from 0.08 to 0.11 in the weeks before JV announcement. When that announcement came, we climbed to 0.21 in an hour, then slowly declined over the coming sessions back to 0.115 thanks to a combination of some large sells and what was clearly an organised and orchestrated deramp, causing everyone to fear an immediate dilution fundraise.
Today that all changed. Roland Wessel came out and did more than he had to do... "We are aware of scurrilous bulletin board activity.. there was even a suggestion a fund placement had been made immediately after the JOA announcement, which was categorically untrue. Infact, it's not nece required for synergia to be doing any more fundraising this year."
Bottom line now is that derampers and shorters have been caught with their pants down and are likely going to have a problem over the coming sessions.
Fair value here is 0.20p+
The next catalyst is GOI approval which may come sooner than we all initially thought.
Enjoy the next few blue days, all LTH's... This is a great BB when all the naysayers suddenly vanish!