RE: Jackanory24 Aug 2022 12:09
Pingu, I'm often accused of de-ramping.
I don't but I do voice my views.
This has been falling pretty reliably (other than, as Ninetails suggests, for the odd spike) since 2017, when it spiked to +11p.
I was positive about the future then, but changed my view after the first dilution and there have been many more since then.
The spikes are caused by supposedly good news.
But these are few and far between, when the company deigns to inform us about something or our more keenly researched contributors make us aware.
But we are cynical now because it never comes to anything and the spin eventually turns into a reason for pessimism, rather than optimism.
Even after the last placing, I didn't see the SP going below 8p before xmas and couldn't see much beyond that (not much point with another placing already being mooted).
Others predicted 6 - 7p and it's already looking like they will be a lot more accurate.
I only trade this now and keep hoping for more opportunities, but even those spikes get smaller and smaller, while the spread gets wider and wider.
I always want to see profits for anyone and everyone.
However they reach them, as long as it's not from deceit.
GL