RE: Lloyd..16 Sep 2024 14:05
Well, Enki, i would like to think so. but as many, many retailers have an average higher than the last placing, and as we've had two spikes on no news, at some point the news or lack of might put the brakes on the enthusiasm of 'no news is good news' and the presumption that the sp should be at placing or pre-placing price with just averaging down or new buyers.
it's a nice belief but there are no guarantees until the news drops.
of course, anyone new to this who bought from 0.5s will think they're onto a solid gold winner but the history of all shares, not just this one, is full of 'fuse is being lit' teen jargon... doesn't mean it'll happen.
and the point stands that the sp is still nearly 30% off that placing price (which, incidentally, wasn't 'just' for acquisiton and WAS also for working capital, if anyone bothered to read the rns).
still, unbridled optimism is always more fun, eh!