RE: Don't be fooled... keep your shares. Diamond hands 💎10 Jul 2024 23:20
This is bound to follow a pattern of drift, spike on speculation/news, drift, fall on share issue, drift, spike, etc, etc. Typically on AIM, the sp ends up lower... a lot lower... and the winners are those who are holding before the spike and who sell before the fall.
To get upward momentum in the sp, the newsflow and communication has to be spot on plus there has to be good deals done on funding. After today's presentation, there's no confidence in the communication and the last funding deal was not great and the explanation was worse... sounds like they'll just roll over when looking for future funding. Market Cap is around £60m (perhaps will fall lower) and they'll need £50m to get producing.
The assets are exceptional but.....!!!!