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21/01/22
09:54
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Originally posted by Jacktrader:
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Like I have said it's an odd stock. Low dilution, is rare when SPP's happen. Actually very rare to see a CR of sorts close to the actual share price. Have had to move back out of SBW, no loss incurred, shifted capital in the meantime to accelerate profit. Keeping a very close eye on this one. Needs to become more liquid and not so tightly held to move. As a play, it's got to be a 3 to 6-month hold in my opinion. Doubt it will retrace from these levels. Particularly when the investment as a result of this SPP takes hold, results will flow. So patience is required.
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I agree. I also think that the timing of the SPP was terrible - so many people of holiday mode OR without cash at that time of the year.