Hi Frank, I haven`t been burnt by this stock in particular, but have been in the past by others. I can assure you I have nothing in particular against GEM, I am just taking a look around and trying to improve my knowledge and understanding.
Good to hear you are in early and so more insulated to adverse movements. However I think it oftern pays to ask yourself “if I had my holding in this stock as cash right now; would I use this cash to purchase this stock with 100% of this cash” I know personallly there have been times where my answer has been no, but I have put off selling\reducing for whatever justification my mind makes at that point in time only to be wishing I did in the following months.
A question for you
How do you think the FY17 cashflow would have looked without the $200m cash inflow from share issuance? How will the next cashflow statement look withoutasimilar assistance?
GEM Price at posting:
$2.43 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)