RE: Why Now5 Nov 2024 20:01
Lord Wellesley buy imho was a massive indicator. What was holding a lot of people I know back was the feeling there was some sort of agreement on the semnet shares as there was so much going on in the back round but very little said. Even though the buy was small, it signalled that perhaps there isn’t a deal as being on the board you would have thought Chris would know of a deal. If there was and the sp was meant to be lower then he wouldn’t have bought. The lords purchase has basically said or in a lot of peoples eyes, that he’s pretty sure the SP won’t be lower than 0.92p again. The market has reacted along with everything else pent up, semnet, Angra the list is long. NOW the market is starting to believe that actually the plan was to boost the sp to the maximum to minimise dilution. That ….. imho is a massive result, I was clearly completely wrong with the semnet shares theory and shown that it’s appearing to be the complete opposite.