There are some very large buys happening at the 24.5 c range:- are there people gambling to make a quick 12.5% from insecure Mum and Dad holders, or is there some not so sneaky accumulation happening ? Interesting times at GNX. I have only held for 2 years and it has been a bit of a wild ride with this stock but my gut feel is that this is an opportunistic buy for J-power. Personally I believe the stock has potential and J-Power has ignored the progress made in the last 6 months with this offer. As a small holder I am limited in the power I have to fight this T/O but given the chance will vote against it.
Not advice and anything I say is likely to mislead.
GNX Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held