The date was 26 July 2012
Anyone on line the day this happened and saw the huge gap up?
I was
Anyone think something like this could happen at Doolgunna?
I do
How many thought this would retrace?
I did
Plus a lot of others otherwise they wouldn't have sold, would they?
Within 10 months this went from around 6c with virtualy non-existent daily volumes to $5.00 with very large volumes even at the massively increased SP
So if you want to know how many bags that is it's 80, that's right 80,
it would have turned 50 grand into 4 million $ if you bought this at 6c
In less than 3 months it was a 50 bagger
Why am I talking about this here? because there are some parallels with THX and because once a stock finds the goods and then gaps up you just can't buy it anymore at the old price, and therefore the potential for these type of gains is no more.
Also regarding the relativity of shares on issue and cash position between the two companies
THX 120mil more shares
THX cash $1,500,000 after the AGM
compared to the others cash position the day just before their ANN was $1,686,000
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The date was 26 July 2012Anyone on line the day this happened...
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