RE: spike25 Oct 2018 20:19
FYI I actually bought back in today at 0.225 ish, as I don’t think I will get my ideal re entry, and would rather take the risk and be in than out. I’m simply offering a balance of argument, not here to de ramp, been very transparent on my position, and also told you all when the rns was coming (which it did moments after), hence I reduced.
It’s a very risky stock and in such a bear market these stocks are made even worse. That said it’s holding up well (for now), and all will become clear. Re the future, it depends how you look at it, and it can be viewed a number of ways, but ultimately we are all second guessing. My feeling is if we don’t hear next week it’s insolvency, simply on the basis of your looking for a strategic partner you’d be now in a phase of legals not still trying to do a deal so close to running out of cash. Remember we don’t know when in November cash is dry, i believe middle was mentioned during the investor call. Just my own take, but as I have said before and before the AGM, hudosn were out and a partner in, but it’s turned sour with legal issues over assets and time frames. That said there are supposed 3 interested parties. This will tip one of two ways next week, big upside or big downside as people gain confidence and fancy a punt with a potential quick multi bag, or people will sell out to save what they have left pending bad news. Pays your money takes your choice but it certainly keeps me excited each day at 7am!