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04/09/18
13:09
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Originally posted by Learning_2B1
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Very real possibility. The sp slip below the CR IMO
I’m hoping for a lower entry point for my company. I liquidated the company shares yesterday in one hit. F$ck! I Sh@t
Myself seeing we started trading in the afternoon and I thought we were on a trading halt till the 6th god damn it.
Now as for the personal parcel they are in the bottom draw. Will I buy my 700k+ allocation, I’m still undecided.
The real possibility of the sp drifting lower is a real chance IMO and if I can pick them up cheaper then the CR, I would have holes in my head to buy the more expensive shares.
I would only be participating in CR if I thought the future Oppies would be worth the outlay in 2020. Or if your long and have the funds now you would buy them at or as close to the bottom as you can. Of course the Oppies would be worth over the 4.5c in 2020 and gives the holder time to get more funds together and pay for them when you can. So what I haven’t understood is “are the options tradeable as the rights are” ??
As for all the “current options in play (held by directors and the like) I understand can be activated now so the holders can participate in current CR including the Old Oppies as new shares. Added them into the pot as active shares. Thereby allowing the holders to increase their CR allocation. This is double edged IMO because 1.) The company has new funds from the activation of the shares straight into the company’s coffers. But 2.) If so and current holders might need to cash in shares to have funds to buy New allocation. This would see shares pushed onto the market causing pressure on the sp. Is that the start of the dilution?? Or have the current Oppies been added into the overall shares outstanding ??
As for the top 20 taking up all their allocation will yet to be seen, they to might have to reconsider their position and lossen a few shares to participate.
SM have how many shares ?? Do they have a lazy $1m in their back skyrocket to activate all that will be allocated to them ??
So IMO if the company thinks all shares will be covered by the underwriter then the sp would stay at CR level. But this market is anyone’s guess at how the sp will stand up in current macroeconomic environment let alone the company’s own circumstances.
If the company waits for the sp to drift below the CR price on volume then I believe 1.3 c might be the new resistance and if so the company might be pumping the media releases to gain back SP to CR level.
IMO the average Joe has some serious questions to answer for themselves if the company doesn’t have enough media releases to answer them with conviction, before breaking 1.9c then shareholders could see the low 1’s.
GLAH
L2B1
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I have an average of .014 , with the 500K I held all free carry . I am not concerned if it drops to low ones , I am LT on these , at least 5 years as an accumulating investment.
I will continue to accumulate where I can , as well as investments in other species. I am in a good position to keep on buying at these levels. A few pips or even one cent doesn't panic me . I believe this tech will disrupt , and in a big way.
I am currently working at the Greenbushes lithium expansion in WA , the Chinese are spending big to get the Lithium from here , but the process of roasting will be costly . Abermale are going to be spending big as well , and build more roasters near Bunbury .The market will have room for the Platypus