QGC queensland gas company limited

pre spp sell off????, page-2

  1. av
    2,595 Posts.
    Thought about it too...probably wait until a few days after the SSP...selling will continue up until when the shares are released as short-termers will want to get out before the SSP...when the SSP comes online there will be announcement and I think the extent of the dilution will surprise some people...causing a sell off. Also, people who have borrowed money (lots of mum and dads and their kids dabbling in this one I suspect) will sell within the first few days...while others will try to recoup some of their costs straight up (partial sell outs). Then a few days later the company will release an announcement saying that they raised heaps of money and that plans for the power station have been bought forward and we will see the share price rise again (in spite of the large dilution).
    Who really knows what will happen, but I willing be basing any buying and selling (or lack thereof) in the next week or so on these assumptions.
 
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Currently unlisted public company.

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