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Hopefully this could stabilise the US and keep us around this level?
https://www.google.co.uk/amp/s/amp.theguardian.com/us-news/2020/jun/30/us-buys-up-world-stock-of-key-covid-19-drug
JT just to echo I love your posts it’s good to keep your head in on what’s going on, like many I’m hoping this recovers well, kick me self for not closing out at 80 and buying back in but didn’t think we’d fall back to this!!
Contrarian get your facts right.... they haven’t had to do anything they have over 200 million in cash they chose to raise further funding of which sold in 3 hours of the idea. This is to ensure no more funding as yet. You wait for that 20% drop. I suspect you won’t get it!
My god so many maggots appeared out of the woodwork the last few hours! Anyone would think the worlds going to end! Yes it may well drop to 45 who knows but 30p again come on, new placing at 50p and let’s be honest yes was a surprise and I didn’t expect another fund raiser already! Bug they still have free cash before this raise and if you read the wording this funding to ensure survival out of the COVID nightmare, and many companies doing the same while it’s being offered so I don’t see this as a panic sell, it’s a simple bolster of what’s going On around the world. I suspect this will hover from I don’t know 45-60p until Q2. Prt of Q2 I believe is priced in with the RNS statement and I would suspect with DBX due July although Q2 result not great they will keep DBX news until then so could well swing and shorting could be risky, we’re all guessing where this will go, charts thoughts etc is all guesswork, so the usual scare tactics here (you know who you are)! Is a waste of time! No one panic sell on these comments and only YOU decide when to buy or sell. Me I’m in and yes could have made profit but just buying more at these prices, if you don’t believe then don’t invest just filter the noise!
GT4Racer yes results will be bad but even if another 200 million loss they stil have funds left so there won’t be another fund raise not yet, don’t forget one site still down so less running costs and DBX numbers I would imagine stabilising and possibly growing