NMT 11.1% 8.0¢ neometals ltd

Ann: Neometals Launches Placement and Entitlement Offer, page-6

  1. 2,450 Posts.
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    As others mentioned, keeping the price high for the raise was the reason for the raft of positive and misleading (given one was retracted) announcements.

    I sold at $0.255c

    I could buy the same amount of shares that I had with 25% less money.

    400,000 shares X $0.19c = $76,000.

    I lost $95k when I sold, so I would need the share price to go back to $0.4275 to get my money back.

    But if I was to put the full $102k that I got when I sold (no chance whilst CR is at the helm), I would be able to buy 537,000 shares, I would need the share price to go back to $0.37c.

    Congrats to the shorters, you played it like a piano.
 
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