RE: MICRO SALT Rns13 Mar 2023 10:39
Thanks for your reply Tulsatel. My view is that they wanted to do away with placements but the market in general and Bell's issues made this near on impossible. .
'My beef is why the shares were sold at near low' - IMHO the share's hit their near low due to a few things but one major contributing factor was TEKs sale. As I mentioned before if TEK sell/part sell their Bell stake it won't do the BELL sp any favours.
I can assume by your post that you are pleased with BELLs management decisions? Their TECH is fabulous but I'm personally not convinced they acted quickly enough to head off manufacturing concerns. I might buy in once TEK have exited.
I'm pleased you sold you TEK shares higher, than were we are now, (although I seem to remember you bought at higher prices too).
Your strategy may work. Ultimately, if a black swan RNS were to drop, it would depend on what price the major holders are willing to sell at, There's still overhang, but that won't last forever, so they'll govern what price outside will be getting in imo.
Good luck with your strategy. I'd be interested to know what news will persuade you to pull the trigger, when it comes.