"Sooner or later, the share price will head towards the placement price.' chand
I'm betting it's not. The financial situation has materially changed. While bankruptcy risk has gone far down, the high confidence oil play remains. The first point defines a re-rating. The second point, if/when proven commands another re-rating.
Without the dilution BYE would have folded at worst, or become a zombie selling assets at fire sale prices.
"This is the dilemma for an investor to take the position!!" chand
Yes it is. However, the aforementioned re-rating(s) demand the speculator/investor review their risk/reward investment/speculation thesis.
Trade accordingly.
OV
VIVE CATALUNA LIBRE
BYE Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
