Hi rockyboy23, aj. & All,11 Oct 2009 16:35
Tomorrow's price? I do not know, this will be dependent on the market and the reaction of investors to this. But for it to be below 1p by tomorrow, will almost ve a disaster by all standard, that will over 30% drop in one day. Why will that be? No news or any result. The shock of just 60% take up of the RI has been dealt with last friday. The other uncertainties which include the consolidation is still hanging and is boud to affect the price. Someone once said that the reason for consolidation of a penny shares is to create more room for SP fall if need be, that may not be far from the truth. If you are for long term hold, then buy tomorrow and don't check it for months, but if for short/medium term, then be concerned about your entry price. On long term, 100% certain, this this a good stock that is why the big boys/II's will snap up what they can get, but can you afford to leave the money you put in here on long term without worrying? if yes, buy now; if no, then wait for close to 1p if you cannot wait for sub 1p. Note of warning, the sub 1p may not come until after consolidation but I am persuaded it will come. Again this is just my opinion. If i doesn't, then this share is not for me even though i am very interested in investing in it. GL.