Lets Just Wait & See25 Apr 2024 15:14
So many people posting today about another raise as though it is going to happen today and like they all know for a a fact.
Will/does the company need more cash?
Yes.
Is a placing the most likely option to raise more cash?
Yes but it is not a given as there are alternative options?
If it does happen then when will it be?
Nobody posting on this board knows that for certain, nor do they know how the cash will be raised.
If they do raise by the issuing of more shares then of course this will dip back under 1p but that would just create another chance to top up, because in my humble opinion, whether it is in 3, 6 or 12 months hence, the share price will look a lot different to the way it does now, or even after a placing, if that is the way they go to raise more cash.
So you either trade and risk being out at the wrong time or hold for the long term.
GLA