ODN 0.00% 0.0¢ odin energy limited

From 2c maybe it flys up to 20c on good ANN (providing forecasts...

  1. 753 Posts.
    From 2c maybe it flys up to 20c on good ANN (providing forecasts on how this could be a $100m company). But if ANN happens in TH and buyers also account for 100% dilution then cut that to 10c.
    With billions of shares they will want consolidation of 10:1 making the new SP is $1 and you have 1/10 your previous holdings. At a dollar it will have more trouble holding the price than at 10c (go figure market psychology) so perhaps a price fall to 50c.
    So now you have 1/10 you stocks valued at 50c (that may eventual go much higher) but basically you made a 3 bag gain on what you paid at 1.6c.
    This is all pure guess work - only the ANN will provide any degree of certainy. But unless there is a total act of bastardry (like 2 billion new shares) then expect to make 1-5 bags no matter what.
 
watchlist Created with Sketch. Add ODN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.