RE: An astute move from Lorna - getting an early placing!7 Feb 2024 11:06
Being realistic, how many of us had a share price average of 1.5p or lower? So with this in mind, who would sell anything below 2p? I would ignore the MM games and conclude that those who are buying are either newbies who have grabbed a bargain or existing holders who are averaging down. The placing shares have been gobbled up within 1 hour and 9 minutes this morning, which clears the way for a nice steady rise this afternoon. All of this is healthy in the short to medium term as it creates liquidity in a share. It is never nice watching the share price go down temporarily, but none of us were complaining when the share price more than 15 bagged within a week or so. To be honest, I for one knew a raise was coming at around the 2p mark or slightly lower and now that the raise has been bought into, I am feeling a little more relaxed. Nothing has changed since the rns on Monday and many investors were buying shares above 3.5p. GLA.