The shareholders are the bag holders here. Fortune M. sprinkled stardust around and his sweat words and honest appearance intoxicated many investors. Myself included. Everything was based on "hopium". As it is normal in the West, the new money wins over old money. Given the fact that SA is a very corrupt country, the new CEO probably 'old friends' with SPR and the lack of hard earn out facts (apart from a lame future 'slack' delivery) and a devastating dilution (this year), there will be only a very small chance for a serious SP recovery. Orion will add insult to injury and lower their conversion price to 0,025-0,03GBP instead of the 0,06. Why should they bail out useless old shareholders? Based on the closing stock price from 9/12/23 I guess the maximum achievable performance will be some 50%. Not bad for a new investor, sad for the bag holders.
Let us wait for the official reaction of the CEO. Maybe he'll be able to sweat mouth every worry away in a FM style...
The shareholders are the bag holders here. Fortune M. sprinkled stardust around and his sweat words and honest appearance intoxicated many investors. Myself included. Everything was based on "hopium". As it is normal in the West, the new money wins over old money. Given the fact that SA is a very corrupt country, the new CEO probably 'old friends' with SPR and the lack of hard earn out facts (apart from a lame future 'slack' delivery) and a devastating dilution (this year), there will be only a very small chance for a serious SP recovery. Orion will add insult to injury and lower their conversion price to 0,025-0,03GBP instead of the 0,06. Why should they bail out useless old shareholders? Based on the closing stock price from 9/12/23 I guess the maximum achievable performance will be some 50%. Not bad for a new investor, sad for the bag holders.
Let us wait for the official reaction of the CEO. Maybe he'll be able to sweat mouth every worry away in a FM style...