GBE 0.00% 4.0¢ globe metals & mining limited

something wrong with this stock, page-11

  1. 1,530 Posts.
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    The good thing is:
    With a 0,5-1 cent decrease per day the crash comes to an end in approx 30 days…

    What could be possible reasons for selling this stock ?

    The problems Paladin is having with some local Malavian groups ? hmm, same old story whenever somewhere in the world a new mine is opening. The government is still bullish in the mining sector, that counts…

    In Germand Boards some minds that the metallurgical results were under expectations ? hmm, according to Julian Stephens Globe is still bullish that they can achieve a recovery of approx 65-70%. And with the aspired mass reduction they can even increase output and/or decrease operating costs in comparison to the scoping study.

    Maybe the real reason is that some bigger old shareholders were pissed of about the distressed placement and the fact that they got no preference/discount. A very emotional reason, but we all are human….

    Only some speculations. All we can do is sit and wait…
 
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Last
4.0¢
Change
0.000(0.00%)
Mkt cap ! $27.65M
Open High Low Value Volume
3.4¢ 4.0¢ 3.4¢ $7.247K 204.3K

Buyers (Bids)

No. Vol. Price($)
1 34722 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 100000 1
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Last trade - 14.46pm 09/08/2024 (20 minute delay) ?
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