Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-334

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Merchant2000

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18/04/24

21:18

Post #: 73415234
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Originally posted by chuk: ↑

"Not to 6c though!"

Actually, while I couldn't know if it would reach 6c, that was the point that I felt that if it did get that low, it would be where I expected any cr selling to slow and therefore bargain hunters to buy. That was based on any soph selling at 7c was still in the green with the options worth at least around 2c at that price (time value).
At a 6c sp, the options might be worth 1-2c and selling heads at a 1c loss would probably be the limit for most sophs looking for a quick profit from the cr as it's close to breakeven with the options included.
Some might of thought differently and sold even lower and I wouldn't have been too surprised with a spike lower but would have expected it to bounce back and settle above 6c again. As the sophs finish selling, I expect the price to recover above 7c before long.
I think some here are far too pessimistic now that IDC gave its approval to the loan after an extensive due diligence. That's a big tick for the other lenders to lend smaller amounts.

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Lets hope we see 7c tomorrow

Nice profit for some who saw 6c - 6.1c as value for now

IDC loan is least of their worries imo

Far from out of the woods imo

Enough time for some nice profits for those with no emotions

Last edited by Merchant2000: 18/04/24

MNB Price at posting: 6.3¢ Sentiment: None Disclosure: Not Held
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Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-334

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Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-334

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