Sorry to single you out - but your comments regarding insto's dumping illuminates a common problem on this forum.
13 million shares have traded for the day for a net value of around $870K. That is absolute chicken feed.
No insto's will be involved with this at the moment. Trading volumes way to low.
I'm looking for two things at the moment. The first thing is a consistent level of support buying (500k at a time minimum). The second thing is the thining of the sell side as sellers give up and leave.
A combination of these two moves will see GDN bounce hard.
Today's announcement also mentioned the circulation of drilling mud prior to re-commencing. Remember what happened last time their was a hint of delay (out the door).
Anyway volume will be the key +40million and we will be gettins serious.
GDN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
