RE: 10p takeover6 Sep 2023 15:10
Not saying I’m right about the placing but it’s just a feeling I get, it’s happened in multiple shares I’ve been in and always seems to happen the same way when the price is being battered. Admittedly, GGP have a lot more on the cards but I also think people don’t realise how tough it is for small time companies to pay wages whilst hopefully going to mine. Not only that, he’s still trying to attract bigger investors and let’s be honest, bigger investors aren’t exactly taking huge positions at the already low price of 8,9,10p.
I’m not an expert never claim to even know that much but prices don’t drop so much on something that people smarter than me see as something that is gonna rise to 40p from 6/7p. Surely if it was as obvious and as easy as being made out by too many on here then surely those with deeper pockets than my measly pauper pockets would be consistently adding whilst the price is in single digits.
I’m in too deep to sell and had too many years involved to sell so I have to live in hope but can’t shake the fear, guess that’s investing.
If there is a placing now would be the time to do it I guess, before it’s hopefully going up with positive news.
Maybe that’s the intention all along, get some serious investors to bolster the price to prevent takeover but what will they then consider a success. 12p, 18p maybe 24p? Either way nobody can tell me this is strong for anyone that has an higher average than 11p.
And those that go on about the positive news coming.. have you not been saying that since it started dropping? A year passes and you’re still saying the same whilst the price is still dropping.
Knock Gervaise all you want as well but at least he created the excitement that he needed to alongside the consistent positive results, that’s surely what you want from a ceo. Shaun day is building a business don’t get me wrong, he’s bringing in staff (big wages) and really battling like you’d expect a ceo to do but what is he actually doing for shareholder value, it doesn’t seem to me that he has that side in him.
James will no doubt be along shortly to tell me to sell or some other random nonsense from his Stockholm syndrome bingo card.
I’m not selling but I’m not going to be overly positive after having my isa dwindle to its lowest it’s been since I started the journey 4/5 years ago.