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clock Created with Sketch. 03/06/23
07:21
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The issue now is the 23 million shares issued to L1 capital at 13c yesterday..thats going to keep a lid on the SP for a while yet. Also there maybe more tranches to come, who knows at what price. IMO the conditions of the CR were not favourable to shareholders, the SP never really had a chance and was always going to get smashed into the ground regardless of the fundamentals.
Originally posted by xmholmes:
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Once again the SP doesn't respond to good news. Sure, there is one more hurdle to overcome but one would guess it's a lay down misere that the batteries will pass all 7 levels of cerfication to be fully certified, probably within a week. Further, share prices usually move in anticipation of good news and then dip shortly after the announcment of the news. Even our harshest critic, TopSahara, stated that they would anticipate the SP to settle at about 22 cents following certification (I hope I'm quoting you right - couldn't find the actual post ). So, with good news, share prices usually spike as the optomistic bulls buy in, then dip as some take profits and equilibrium is established at a somewhat lower price than the peak. Generally this is due to rumours about news aleady being factored into the price before the actual release of news.
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