Northernmagic4 Jun 2020 16:20
I think the SP movement following a discounted placing normally falls towards the placing price but there are exceptions subject to what the funds are being used for. I noticed last night’s announcement and thought about subscribing but I couldn’t get motivated especially as I had a top up a while ago below the 1.85p placing price and just thought “another nice profit taking opportunity on hold for a while”....but this morning I woke up with a spring in stride and calmly reviewed why I bought this share in the first place. I was able to buy quite a few at 1.71 before the interview etc. In fact I got in with a couple of buys, and following Peters summary of where the company is right now I’m glad I did. Happy to wait for additional news flow which will, I think , send the SP well above our current price. That’s how I see it but it’s just my view.
Gla