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25-11-2020, 01:40 PM
#4461
Originally Posted by Alpha
This seems to happen with every Cap Raise. May just buy a few more now knowing the SPP is likely going to be scaled back. I think this stock will recover well and hopefully in the next week or 2 we get an update re the new customer. Lets hope it is massive and all those people selling out will wish they never did.
Agree, hence why I no longer participate in capital raising even for holdings I have. Same happened with SkyCity, I bought in after the capital raise for less than the SPP price.
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25-11-2020, 01:42 PM
#4462
Originally Posted by Baa_Baa
SPP buyers don’t have their shares yet.
The joke is the minnows who moan about the SP reverting to the valuation that the company itself gave for the cap raising, like what else would people expect! That’s 😂
Yes, realise that, I expect the price to be below $1.10 once those who bought more during the SPP start selling what they thought was a way to make a quick buck.
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25-11-2020, 01:44 PM
#4463
Agree Baa Baa - I actually thought this was going to hit 1.20 sooner. It really is just an adjustment to price and lets see which way it goes. I am confident it will go the right way but then again I am a biased Shareholder.
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25-11-2020, 01:44 PM
#4464
Well just picked some up for $1.19 so it was worth holding some cash back from the SPP.Still looking at AUS just in case I can pick some up over there.Hopefully I picked the bottom though!
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25-11-2020, 01:46 PM
#4465
Giving the $32M away at $1.20 instead of $1.35/40 has lowered investors perception of what the value is, and dug a hole.
True believers will see this as an opportunity to sponge up some more script, in preparation for future good news.
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25-11-2020, 02:15 PM
#4466
Member
Originally Posted by Baa_Baa
SPP buyers don’t have their shares yet.
The joke is the minnows who moan about the SP reverting to the valuation that the company itself gave for the cap raising, like what else would people expect! That’s 😂
I was trying to warn people myself last week. Many people on these boards thought ASX was a home run and that 50% growth rates are around the corner. All I heard was a loud THUD.
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25-11-2020, 02:28 PM
#4467
Member
Originally Posted by Getty
Giving the $32M away at $1.20 instead of $1.35/40 has lowered investors perception of what the value is, and dug a hole.
True believers will see this as an opportunity to sponge up some more script, in preparation for future good news.
Exactly. Time will tell...
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25-11-2020, 02:37 PM
#4468
The usual strategy by big boys, flushing out weak hands...nothing to see here. Will take few days to recalibrate, I'm not one bit worried about partaking in SPP.
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25-11-2020, 02:40 PM
#4469
Member
Do we know when they would inform us about how much we get through the SPP? Friday?
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25-11-2020, 02:42 PM
#4470
Junior Member
Originally Posted by Cobber
I was trying to warn people myself last week. Many people on these boards thought ASX was a home run and that 50% growth rates are around the corner. All I heard was a loud THUD.
Thanks for your warning though I have subscribe it for full $50k and will be looking for accumulating in the next few days.
This is one in a life time opportunity.
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