RE: Buy price 39.6P24 Sep 2022 17:42
IMO you should hold. Your pain has already happened, there isn’t a lot left to lose. I bought in as a 50-50 punt, threw 5k at it, at an average of 6.3p and I am about 30% down. I wouldn’t dream of selling, as this is still a 50-50 punt but the time-line has been cut, I would estimate if they find a buyer, the very best they will get is 15p a share, probably 10-12p. This dog can’t go solo, it needs the synergy of a leaner, meaner and professional outfit. I am sure some of the yanks will be considering it for a break into Europe, if I knew for certain that a buyer could not be found, I would sell at 8am on Monday. The MCAP is 18 Million, they probably have that in the bank already, 50 Million in Yankee dollars looks like good business to me for a foothold into Europe. I feel sorry for those holding at 40p plus, it is all about mitigating losses now. GLA, DYOR.