GNM 0.00% 1.1¢ great northern minerals limited

won't be enough liquidity to do that....I am not a holder &...

  1. 226 Posts.
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    won't be enough liquidity to do that....

    I am not a holder & don't plan on being one:
    - The amount raised is ridiculous for what is required at this moment of time, further diluting SH
    - the Options is also kinda crazy with the exercise price being 1/3 of the raised price (this would be the main issue, shows no confidence at all)

    Although, without the liquidity, a lot of them will be forced to hold until it at least rises & will definitely create a floor now at the .6c mark. - that could be a positive.

    Camel creek does have potential - that is why I initially invested but management just did not do it for me at all, hence me selling out around the 1c mark ( i did lose out by buying at 1.2c)

    The next few weeks will be interesting but even with a good SS, i think the SP will find it difficult to re-rate at a significant pace as it churns through this CR.
 
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2 2285468 1.1¢
 

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1.2¢ 15052 3
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Last trade - 16.12pm 26/07/2024 (20 minute delay) ?
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