The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I take that both percentages of the 3SRR and 3LRR must be equal and opposite for the prices to be flawless. Therefore we wait for either 3SRR which is minus 73% to closer to minus 39.5% of which the 3LRR is plus 39.5%.
So, until 3SRR = minus 39.5% and 3LRR = plus 39.5% then is is fair.
It is NOT the consolidated price until the weekly RR comes back to the bottom. The previous bottom was 100.8p. This will be due to normal trading until the weekly chart flattens. The longs cannot lift the daily chart until the weekly points up, that's why it fells back down today.
Granite shares is still calculating the right issues pro rata to the 3xSRR and 3x LRR. Therefore when they are satisfied that the right price and percentages are done. Until then they will have more auctions to discover price.