No drop? What was that two weeks ago just after the placement news? The SP was above 1.4p. The admission date of Monday was well known and likely had been priced in.
No RNS despite the extra shares admitted to the market today? Surely there should be at least an RNS to officially state the number of shares now in circulation for regulatory purposes?
I can understand the impatience. It's been a while since news. We've been told negotiations can take months. Still some can't take the silence. Understandable. But a fact of life with negotiations with billions riding on them.
Placement was made at equivalent 1.1p. SP dropped from 1.4p+ to 1.2p+. Shares coming on the market on Monday. It would seem the MMs see 1.1p as a target they can go for.