You both have a point...the SP could spike and retrace and short termers could get burnt. However for those medium/longer term investor, there is great potential here imo... At the end of the day, the share price will do the talking...I just wish there was a share consolidation.
It's been non stop buying all week and SP hasn't moved...I know the placing is pending but I bet if it had been a week of selling the SP would be lower!!!
Fall is not surprising as "buy on rumour sell on news" investors have taken profits today. Longer term holders should be rewarded as underlying earnings of 2.1p mean SP is on historic PE of 6! Just need to wait for broker 2012 forecasts now - similar profits this year?
So....will it be a BOOM!!!! day or a ZZZZ day? My guess is a 1-2p increase in SP .. not long to find out. Really like the comments that 2013/14 is looking really positive for the sector. Tuck the shares away for a year or two and you really could be rewarded.
I could buy 1,000 no problem but anymore and I had to put buy limit on. So just a bit quicker, only £ 5 dealing cost or don't might doing it this way, once in a while...Lets hope for another tick up tomorrow! GL