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  1. #4461
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    Quote Originally Posted by Alpha View Post
    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.

  2. #4462
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    Quote Originally Posted by Baa_Baa View Post
    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.

  3. #4463
    Member Alpha's Avatar
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    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.

  4. #4464
    Senior Member
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    Aug 2017
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    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!

  5. #4465
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    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.

  6. #4466
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    Quote Originally Posted by Baa_Baa View Post
    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.

  7. #4467
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    Quote Originally Posted by Getty View Post
    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...

  8. #4468
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    Jul 2014
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    5,666

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    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.

  9. #4469
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    Do we know when they would inform us about how much we get through the SPP? Friday?

  10. #4470
    Junior Member
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    Aug 2020
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    29

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    Quote Originally Posted by Cobber View Post
    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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