Its not comparing apples to oranges. The fact is, during the previous well (July 2011) the SP's HIGH
was actually 17.5c (I just looked it up). Prior to that the SP was 4.5c - so in the space of a few months the SP went from 4.5c to 17.5c (see a familiar pattern here) - then the result was a duster and the SP tanked.
I currently hold, and I hope for a good result - but I have been burnt in the past with this. I appreciate that we now have twice the amount of shares on issue - but an argument could be made that this really has little impact (reading out of a textbook it might) but we had a similar SP (4.5c) a week ago.
Even if you make the argument that we have '2x more shares' the current SP is 8.4x2 (half the amount of current shares) would mean it would have been 16.8c (if we had the original amount of shares on issue).
16.8c vs the original peak of 17.5c - and it was a duster.
Just DYOR and be careful people... that is all I am saying.
Ele.
Announcement pending, page-52
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
