Ive maintained a core holding for some of those reasons you have addressed. If the key risks are addressed, the removal of the discount would be very rapid, so yes, big movements in the share price are very likely given the right news.
GGG likes to trend in channels. you may notice a new downward channel that seems to be forming from the 66c top, so yes we will get a bounce, the only question is will we get enough impetus to break the upper downward trendline, which provides a target of around 50c (depending on how long it takes to bounce). If it closes above 42c you may well get your bounce tomorrow.
Ive maintained a core holding for some of those reasons you have...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.49M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $47.47K | 2.326M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3374763 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 536181 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ETM (ASX) Chart |