RE: SAID IT BEFORE SAY IT AGAIN27 Apr 2022 17:49
SELLERS TAKING 4.5 FOR SOMETHING WORTH ABOUT 10P AND WITH THE POSSILITY OF IT GOING TO 25P BUYERS ARE NOT EVIDENT.
Why will buyers pay 20p if it is worth 25p with no immediate possible rise over 25p and not pay 4.8p with it worth about 10p and a chance it will be worth 25p
I may be far out and hope that I am, but I think we must prepare ourselves for holders to just take what they can to get their stake back regardless of the NAV. The MMs will do us no favours, if they did they would be quoting 8-9p now.
You have to have buyers to offset sellers, at 12p you may attract buyers if the NAV is 25p . Initially there will be more sellers than buyers and that only pushes the SP down.
OK my 8p was a bit extreme, but what I am trying to get you all to realise is that if the NAV goes to 25P do not expect to get 20p fore your holding immediately,
I ASK THIS QUESTION, if the NAV GOES TO 25p with the LEAP DISPOSAL. WHAT WILL YOU TAKE FOR YOUR HOLDING? 12p or hang on until you can get 20p goodness knows when.
I really hope I am WRONG but if we can get 12p id be very tempted to sell 95% of our holding at 12p, nearly doubling our investment.