@TheStooge - why is it a quality IPO?
What has the company achieved in the 3days since it has been listed to justify continual short term share price increase?
IMO, Long term sands could be a good play, but it feels that at the moment any positive growth in short term share price is driven by external excitement being generated around the company, with no underlying why the price should go to the "moon" in the short term.
IMO if the price should be 40+c 3 days after listing, surely the IPO price was too low for the company - which wouldn't reflect a "quality" IPO.
(wouldn't the cash be better in the hands of the company, then in day traders/short term holders?)
Mineral sands, page-3
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