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clock Created with Sketch. 23/12/22
10:29
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Originally posted by bedger:
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See people starting new threads still struggling to grasp the effects of the capital raise on pricing. i.e. the market valued PNV at $1.383 billion dollars mkt cap pre-capital raise. all things being equal, the purely mathematical dilutionary effect of the capital raise was very minimal. If your sentiment has not changed and you were not willing to sell the shares at $2.09 on 22 November, to sell so below $2.075 is, mathematically at least, irrational.
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Why would anyone think that this stock is a must have. The recent broker target is $2.30 when the stock hit $2.25 mid October.
(20min delay)