I was probably one of the most negative people on this forum by far in regards to this capital raise and I think what we have seen today has justified it.. quite simply anyone who bought in today most likely bumped up the coffers of institutions/sophisticated investors.. however I was not expecting it to drop this much nor would I expect it to get to the CR price... expect it to hover around 55 - 57c for the next few days while the lucky rich ones dump their load at a premium and then it may slowly recover.
GXY Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held