GGE 0.00% 0.6¢ grand gulf energy limited

Being realistic, I can't see there is much incentive for buyers...

  1. 28 Posts.
    Being realistic, I can't see there is much incentive for buyers to buy shares at even 0.005 that they weren't planning to buy so they can buy more at 0.004. And it looks like there will be buying opportunities at 0.004 without outside the entitlements issue.

    There doesn't seem to be any real incentive to buy at 0.006 for the entitlements issue when there is unlikely to be any shortage of offers at 0.005 in the forseeable future.

    Say, buy 1000000 at .006 = 6000
    then 250000 entitlement at 0.004 = 1000
    Total 1250000 for 7000


    or buy at 0.005 (now or when profit takers sell their 0.004 entitlements for a quick 25% profit as some will almost certainly do)

    1250000 at 0.005 = 6250

    Patience is what is required here. Lots of patience.

 
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