UNT 0.00% 1.6¢ unith ltd

agree. It’s all well and good to announce that if everything...

  1. 984 Posts.
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    agree. It’s all well and good to announce that if everything goes right, UNTO owners should be in the money.
    Theres a massive BUT there. We had a 20% rise on the heads the other day. It’s not very often you get a 20% rise, and for us to get our UNTO’s worth something, we need a 20% rise 7 more times.
    While I think this is possible, I don’t think it’s probable.
    just think of around 300M shares that are / have been bought at 1.45 or 1.4 cents at the moment. If the SP suddenly rises to 4.5 cents, you can’t say a large proportion are going to continue to hold despite tripling their money. There will be some profit taking which will slow the rise down.
    And let’s face it. 6 cents really is not the target. We need to see 7 or 8 cents or more to be able to support those who need to sell a few to finance the exercising of options.
    If this gets over the line, i suspect its going to be at the eleventh hours.
 
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