RE: Move to JSE - LSE off AIM and dilution25 Apr 2020 21:52
Gr33ning68 Hopefully you will get them less than 15p however I’d be delighted if the sell price reaches close to that, FYI I bought on Friday in around a 10 min time zone £44 when the buy price was £0.12995 and the sell price was £0.12950 and which I found unusual at the days end approx. 13.30 and 12.82 a more usual spread, why it was so close earlier I do not know however my buys did prompt some mm manoeuvers chat so I posted mine for clarity. I would never post my limits just in case!
Your thoughts on reasonable value umm - never even considered £2.50, I break even at 18 so an extra 48p upwards I will have done well anything more I may have to emigrate again as covid treasury recovery may make tax changes to CGT, as I worked offshore my wife likes 6 months of me away and she likes the £ support, as only 25% are in my ISA I dread the thought of the tax aspects of your preferred value! (even Sp Angels 85p I find wishful thinking, problematic maybe more manageable though).
BumblingFool, thanks an interesting view, another 6 months of aim means a helter skelter for a while longer, it may tempt me to trade a few as opportunity arises though fundamentally I’m holding, especially if I have bought more on the drops so far and might continue but only below my real cost otherwise its very capital consuming for a very small difference, let’s see, I did contemplate selling on the last spikes even the recent 16.5p but didn’t.
I took the risks on March 23 to add stocks so approx so reduced my losses and thinking a W not a U or V is more likely sold most out again. So if BMN add 5.5p I am just even for the whole scenario!
I am still cautious as I think BMN are a good longer hold for lots of reasons, the others down are mainly also miners with potential, so I hope BMN does not revisit 10 it will upset the applecart and force me to add to average down again!
We do need some action from FM and the company however.