RE: Insti's £2m+ at 1.9p | 3.5p in Jan | 1.3p no brainer | Crypto flying17 Apr 2025 09:24
BP, you have the most immature understanding of this share.
the placing destroyed confidence in the company as, while it was better than the previous placing price, it again undersold the worth of the company.
the company conduct themselves like a private company who only feel the need to communicate with themselves and not retailers, the biggest holder of shares (we hold approx 80% of the shares).
3 years since a podcast or decent interview! let that sink in!
yes, the sp will probably rise (even dogs have good days) but to let the sp sink so low means the hopes of major rerates will depend on the July update and that is SOOOO far away that, if there's no good news before then, the sp just becomes another trading share that will get ramped at some point and then abandoned again!
so, buy between 1.3 and 1.2 and wait for the appropriate crew to start ramping it!