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12:10
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Originally posted by vcr999:
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Everyone that has bought GWR in in the past 12 Months and held has paid 20 cents up to 45 cents. Most of the new holders that have not traded taking profits along the way are now sitting on 50% to 70% losses. With many of the top 20 shareholders not selling and watching the shares fall from 45 cents down to 11 cents today. This will be very hard to exit now any large volume of shares without crashing the price. Every time a large holders needs cash and is forced to sell it will crash the price. All the cash in the bank means nothing to the shareholders that are 50% to 70% down over the last year. This is what happens when you don't have a top CEO that dots all the i's and crosses all the t's. GWR is now a rudderless ship with now other projects praying and dreaming of a higher Iron Ore price.
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True but to be fair the CEO isn't the issue. It's market forces, China doesn't need iron ore and has some serious problems they're trying to resolve atm
