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0.3¢ bluechiip limited

Capital Raise and next SP moves, page-5

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coppashaft

11,395 Posts.

130

23/09/18

19:33

Post #: 35785229
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Originally posted by onmyway.. ↑

Where will the Share price go after the CR?

With small and large investors getting in at 0.059 it represents good value (IMO) even with the dilution. With the prospect of more sales you would expect a lift from this base. It would be hard to see it dropping below this price easily (unexpected event excepting). My thoughts:

-Those buying into the CR are unlikely to sell below the CR price of 0.059
- anyone looking to buy in fresh will have to pay above this.
- Those looking to make a quick buck on any rises may choose to do so at even slightly above the 0.059 SP and given the volumes it may slow any subsequent price rises because there could be a lot to offload.
- a few substantial announcements may be needed to really kick the SP up

What do others think?

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Things don't tend to move quickly in this space, give it time.

Also market takes time to get over a P&D for a placement like what went on with this one, it puts doubt in investors minds weather or not its legit

BCT Price at posting: 6.2¢ Sentiment: None Disclosure: Held
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0 Great analysis

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