RE: RNS Completes $13m Accelerated Bookbuild at 20 pence per share19 Apr 2022 14:44
20p is the floor now, not 16p as some including me feared. Onwards and upwards now. Follow the money, there has been massive buying this morning. Blue afternoon would be great.
Apparently the placing was oversubscribed and not offered to private investors, only to institutional investors. This may explain the massive buying we saw this morning. Looks like we could be primed for a huge move up. DYOR
Relentless buying...puzzling when a fund raise has just been announced, plus NT to buy last week. What is going on? Are we about to explode higher or what?
Glad I exited last week at 0.29p. 0.19p to buy now with no price announced for the placing so looks like we could go to 0.17p. Markets hate uncertainty IMO.
No worries, the pullback is healthy after a massive rise from 6p. We are at 16p today. Hope to see the last of the 6p sellers replaced by the 16p buyers to gear us up for higher highs. All in time.