I'm beginning to call BS on GNX Management for this reason. Everytime time the share price takes a tumble or wobble a couple of days later to stop the bleeding a new announcement is provided to the market. Put simply management is holding onto news which might be good to ok news in the bottom drawer and when the share price falls they make a annoucement.
Ofcourse I am not suggesting they are holding on to news that could take the share price from 15 cents to 30 cents type of news but its the small news stuff to just muddy the waters so some bad news is covered with good news.
They need to be more open in there communication. They took forever to mention the bad news last time and only did when they had a rectification plan in place. Not good enough and kinda getting sick of this type of communication. It's very secretive. Not to mention Simon Kidston also sellig a huge chunk of his shares while pumping the company some two years ago now.
I'm beginning to call BS on GNX Management for this reason....
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27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $373.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 27.0¢ | $255.2K | 944.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 19170600 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 7131181 | 69 |
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| GNX (ASX) Chart |