RE:AAA share price on offering at 47 centsmcdok0 wrote: Lets get real here. If the shares hold above 47 cents, this is bullish on first day of trading after offering. Traditionally when there is a secondary offering of shares, they fall below 47 cents plus commission. Lets see how the next few day transpires. Going to take days to form any opinion, bullish or bearish.
Agree with you. Either way, the news for me is certainly bullish. Eventhough I find the PP price quite low and at first sight a bit dissappointing, having the backing of ICL is worth a lot more than the couple of millions invested here.
I sold a part of my stake over the last weeks, so I'll be be happy either way. If it goes up, I gain money, if goes down I'll buy more to return to my initial position as in the long run I see only one way and that's up..
For me this is big and a giant leap closer to production.
Happy investing to all.
CK