Hi Simon, I couldn't let you down and not "shove it in your face", but you called it stupidity in your own words and I did give you other options. SimonPB(Standard Bank) on 22 May 15:45 sure I'll call it - must be ... stupidity ... value is so small it isn't even a blip. Guess you knew it would come back to bite you. No offence taken though, your sound logic and advice are still much appreciated on this forum.
ya ya, now you can sell at break even? or buy the 54million on offer at 2c? I stick with my initial statement, this is a very bad investment/trade, and even if it makes a profit that doesn't change that fact. But as they say about the markets - it takes all types.
Yes Mboy, and I called both ABO and JDH before their respective moves (calling one might be construed as luck, but calling both should point to something) . Maybe I should start a Penny Stocks Newsletter/company?
Simon - Todays trading doesn't detract from the fact that I called the move before it happened. So one investor has just off-loaded all his shares at 1 cent at 11h08 and now there are a couple of million available at 1 cent. This still doesn't negate the fact that finally this share is seeing some movement again and that in itself is a good sign, as previously this share was a dead one, with no or little hope of any life at any price.
You did called this share correctly .. well done....There is going to be signficant movement in this share ABUZZ-- Are you taking into account the 100 million right issue that is going to be offered to the Public...shortly?
abuzz, something we agree on when you say "seeing some movement". other then that we're poles apart on this one, and all that happened after some movement was that desperate sellers stpped up tot he plate to off load at any price. The question is how many are there happy to sell at 1c?
Yes Preston, I did take into accout the 100 million rights issue. The question needs to be at what price will the rights issue be offered? If they can keep closing at 2 cents, maybe the issue will be at that figure and not at 1 cent! Just checked, only about 100 000 left at 1 cent.