Eureka01 the chances of hitting even 10p now is very unlikely. It would have easily hit 10p if they hadn’t done crazy discount placings and added shares due to poor fund-raise from 2023.
17 more trading days after today for FDA news and market knows this is expected in June. I personally am hoping for a miracle 4 to 5p range this month but would be happy with 3p.
I always wondered how stocks open like nearly 100-200% up when lots of big trades barely move it. Is it MM's let the price fly for a bit? July 2024 was last time we saw a huge share price increase in a day.
Daveweld if they hadn't dropped the share price 97% no one would have had to buy again to lower average. £60 million market capital down to like £3M in space of like 3 years in same period they expected to do £100M revenue yearly.
That means anyone bought the stocks before will have have had most of purchases 97% a down in last 5 years. Anyone who kept buying all the way down would have needed to basically buy a huge amount again when it dropped to 0.2p to be up now.
To be honest they were saying they were gonna make £100M revenue when it was 48p and most people kept buying all the way down to 0.6p before placing at 0.2p. News was due any day now when it was 1.5p, the next main news was to crash it and soon after it hit 0.2p.
The problem is Gino. The sentiment here has been destroyed. That is why Amers prediction is next to impossible. If it hits 5p again that will be around the peak.