GBE 0.00% 5.1¢ globe metals & mining limited

Hi RalliDrey has been posting on here since June 2021 so he has...

  1. 987 Posts.
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    Hi Ralli

    Drey has been posting on here since June 2021 so he has not suddenly appeared.

    When a stock that currently has no revenue does a cr for around 60% of its price at the time it is normal for the price to descend to around the cr price and that has happened here.

    My concern is not if the mine gets built and is successful but rather the % Alice and Bo could end up with and the implications of that. I suspect a few have the same concerns and a falling sp will always flush out a few sellers regardless of the price.

    When the ML was issued the sp went from 5c to 19c so there where no liquidity problems then but failure for the same impact to be seen when the MDA was granted has changed the game in my view.

    Time will tell and I hope all retail shareholders here get a fair return when the mine is a success
 
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