RE: News28 Feb 2024 18:24
Wrn went into suspension at 3.25p , when it came out of RTO in 3 sessions it lit the market up scorching to high £3.32p
4th session it was asked questions , did not give a good enough response to Mr Market and the market suspended it , as it turned out forever at tumbling 89p
It only had low shares in issue so although sp appeared high, it was still only around £90m, many an oiler/miner hits £250-£500m on not a lot of rainbow chasing, wrn was an AQ of 15 different companies. 😲😜
That was a crazy 4 days, ICON if suspended pending a deal announcement, on return could have a similar market fever, only 11m shares in issue, so a 🦑 (£1) is only a MC of £11m and it is always about MC , never sp
Achievable Market Cap value - divided by shares in issue = potential sp
£11m not exactly a taxing target, subject to what finance interwoven with the RTO itself....
First things first though, we need the news tomorrow hopefully, a POSITIVE update🤞🤞🤞🤞🤞