Hopes and dreams. If the placement was to an insto or sophisticated investor, you could possibly be right - but perhaps at a higher price level
But I disagree with everyone who says the placement was made to people and then these people will supposedly take a profit. Reason being is because at this stage of exploration and feasibility the placee is more likely to be a co taking a strategic position in the company... as blue has said. And people like that don't affirm their strategy by selling for profit, rather, they buy more stock and build on a bigger holding
So for your sake, i hope it is just another insto who's ammateur enought to take profits this early in the game - coz then we can all buy more for less... but i think there is more chance you will be wrong about that and we will see 50c tomoro
GGG Price at posting:
42.0¢ Sentiment: ST Buy Disclosure: Held
