The company is running at 18 cents, they raise at 29% discount being $0.13 approx. That is a scenario! The company obviously protected long term shareholders by increasing the share price from $0.18 to $0.225 actually $0.245 and ultimately saved 1000 harsh conversations with people like me. Personally I’ve dropped over $120,000 from this raise but VERY confident we will see an increase in the share price within 30 days. Don’t stress mate, I’ve bought into companies and had them drop 65% the next day. That hurts!
We will be producing gas soon and as I’m in the commodity business, I could sell every single cubic metre of gas by close of business tomorrow to my clients and 1000 x what they have in the ground. For me, it’s a no brainer and I’m going to be buying a few more, actually a lot more if it dips further.
On a confidence level out of 10, I’m a 10. $0.45 minimum by years end.
COI Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)