GUJ gujarat nre resources nl

how safe is this stock, page-9

  1. 15,276 Posts.
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    Clearly the broker behind the placement is defending his stock...

    Buying everything at or below 35c...all the while he chips away at the last of the free float.

    Sooner or later there will be no more sellers.

    What more could you ask for at a time like this...unless of course you were waiting below 35c for your fill...lol

    Company meeting end August, after which we may well see GUJ finally come to life, along with the drilling of Cethana.

    I do hope people realise however, that in a market that has declined some 10%...and where most small caps have dropped closer to 20% or more...that any stock that has held it's ground indeed even increased in price, has performed the equivalent of a 20% rise in relative terms.

    There are worse stocks...much worse...that one could have their money in right now.

    Cheers!
 
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Currently unlisted public company.

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