PC....you didn't put your cred on the line. Whats your guestimate.
Anything can happen.
Before the suspension...when BNB was about to come out of the trading halt...it was going to open at 16.
Now though....we have the 25 bank syndicate not only backing an extension but a 200 million cash injection and these guys no about a million per cent more then we do about the BNB situation.
So I personally think we may see some selling at the open for a bit but I can see why BNB wont return to 50-80 cents pretty quickly...maybe more rapidly.
Its a big boost of confidence for BNB having 25 hardcore number crunching teams of banks, accountants, lawyers crunching numbers and knowing the inside information on exactly where BNB sits and then sits with respect to the rest of the market.
If they give it a chance....I am fully giving it a chance due to those in the know backing them.
Also...lifting that suspension and even giving BNB a few months to sort issues....we can safely assume we at least a few months to see where BNB goes and no suspensions between now and then.
How high can it go? Depends on what the market as a whole thinks....but from these prices 25, or even 50...I still think there is a multibagger in it.
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