RE: The good news is....it can only drop 7p more31 Jan 2022 15:48
With fear of a placing, the SP will continue downward as no one with any sense would buy a stock that is potentially due to raise money.
If they announced a placing right now at discounted price of 5p then expect the price to drop to that level in a very short space of time. Baring in mind, GDR raised at £2 and the price eventually dropped to 16p.
Those who have been easily led in to holding for gold should not be under any illusion that the placing price is the bottom. Especially when invested in a company that are clearly incapable of delivering shareholder value. There is also the consideration that covid stocks in general are going out of fashion rapidly as the covid threat diminishes.