Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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I'm in at 0.052 - placing at 0.075 or am I mistaken? Surely this is a very very good buy unless I've totally missed something here? Any pointers would be greatly appreciated Thanks
Maybe just that the herd hasn't arrived yet?
That's my understanding from the RNS extract below Jezza: "The consideration for the Acquisition of £3.026 million is to be satisfied by the issue of 30,343,950 New Ordinary Shares at the Issue Price of £0.075 per share and cash of £750,120, which values the Existing Share Capital at circa. £1.55 million." So buying now at 0.053'ish seems a bargain!
Thanks intrigue. I'm now confused as they are quoting placing shares of 0.025 in the latest RNS?
0.025 I think that's the par value, the price the original shares were issued at. Adam Reynolds has an impressive track record, look at Optibiotix. I agree with you, the placement at £0.075 supports the share price. Why do people sell? I don't understand it! Maybe they hoped for something more dramatic and dumped their shares. Surely sentiment will change when the potentila is clear? I intend holding mine at bought at 0.58.
Thanks Brycen, I think I'll hang around and see what happens
I think you're right Brycen - the 0.025 price is the par value, following consolidation, which I believe this extract of the RNS explains. "Ordinary shares of £0.025 each (following a 250 to 1 share consolidation of existing shares of £0.0001)" The placing price will be 0.075 based on the aforementioned extract from the original RNS: "The consideration for the Acquisition of £3.026 million is to be satisfied by the issue of 30,343,950 New Ordinary Shares at the Issue Price of £0.075 per share." Confusing though I must admit and that confusion could be the cause of some people selling.
Intrigue, it is confusing and you're right, may well account for the selling. Once it starts nervous people often follow, basically panicking. I'm hoping someone, perhaps Shares Mag or *************, will analyse the opportunity calmly. Tom Winnifrith is always enthusiastic about Adam Reynolds. One positive article could be enough to reverse the trend.