RE: New tax year last chance?5 Apr 2022 13:49
This could easily go bust still and that needs to be remembered even if noobs like me think it is worth a gamble. I can lose my £1k but there are a lot are already deep in the red.
My 2p. There is resistance at 10p and 14p/15p imho so personally I would expect upon passing IK is right 10p as proven recently is possible. The current price is great to average down / get in. Once the RNS pre court is released 10p will pop and we will be testing 15p pre court imho.
Opinions?
I think things have changed a lot though since the last time with the dilution coming however even in dilution it is better to be in the game at low levels on the road to a run up. Any open shares you do not take up will be dumped and impact the share price but better to raise at higher prices than lower. Always keep some dry powder to take up the rights.
Short term this is a buy, medium a buy, long term a buy assuming PI army throws lots of money into the pot otherwise we are going bust. Shares are just a gamble, an educated guess and nothing is certain even opinions are just best guess with our little knowledge of what is going on.
Many safer bets out there. This is like buying a ship loaded with Russian oil a punt at best if you have rose glasses and it works out you have a long wait ahead or to lose it all.