Agree.
Short term pain for long-term gain.
I'm sure management is bitterly disappointed in the way this has transpired;
Having said that if this wasn't leaked and went into a halt at $7.00 and this announcement came out the sell off would be exactly the same IMO.
The problem was our ability to make a sell decision based on the facts - which is bitterly disappointing.
With all the presentations that have transpired I'm sure the consensus from potential institutions was the current valuation (SP).
$5 gets them in the door with capital - retail will see this as a slight against them and sell into sub or below $5 and the institutions will accumulate.
I sold a parcel at $5 on the way up.
I won't deploy any more capital now until the next announcement we've all been waiting for (commercial etc.)
Even then, that will allow the institutions to sell into the news. Oh well - trading is a blood sport.
GLTAH.
Agree.Short term pain for long-term gain.I'm sure management is...
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$2.30 |
Change
-0.130(5.35%) |
Mkt cap ! $434.5M | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.52 | $2.28 | $20.53M | 8.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110471 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 1915 | 1 |
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