GOT 0.00% 17.5¢ groote resources limited

is everyone in the pub still?, page-3

  1. 4,170 Posts.
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    T-off,
    must admit had a few beers Fri as I felt quite good about the run up on Fri.

    I have been quite bullish about this stock so I m probably biased in my opinions, in fact Im definately biased but for well researched reasons. In regards to the run on Fri I think that we had some buy pressure as investors are wanting to take a position in this stock which is Im sure starting to generate more attention.

    IMO there is those in the 10 c placement that are dribbling out the stock as opposed to those that dumped stock straight after the placement, bet they wish they had of taken their time about selling. As Ive stated previously people would be suprised were this stock is in this short time after the placement and this is why there was a bit of a dump initially.

    To me it is fundamentals that are driving this stock, any one that takes the time to properly research the stock and crunch a few numbers can see the potential here and the more that do this, especially those with deep pockets, we are going to see upward pressure on the stock. This will be compounded when those from the placement finish offloading stock.

    It wont move up in a straight line but IMO the trend will be up. This will then also be driven by announcements for granting of the licences etc.

    Its just my opinion and as I stated Im biased as I hold stock but hey the market dictates all so just have to wait and see.

    Im in balls and all on this one for good reason and if all goes to plan I will be looking to splurge big time.

    Cheers

    Retrac
 
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