Bounce cat, bounce!!

I've been watching TGS for a while - and was about to read today's releases for a bit of a general update when I saw the Great Sell-off occurring. I got in 'blind' down at 4c. Even if the cat is dead, it does not have to bounce very far to give a bit of a return from 4c. Bounce cat, bounce I say.

Having now seen the announcements, I agree with the posters that suggest that the negative cash-flow (without a clear explanation - such as stockpiling etc), the debt facility and a likely cap raising are causes for great concern with TGS. However, I also cannot see anything in the publicly available information that justified the stock going to 4c on such huge volume. That is a pretty sharp drop on a stock that has been well-hammered over the last few months anyway.

Looking forward to seeking some more informed comment on the Great Sell-off over the next few days.

For those thinking of doubling down hard - have a look at DML as a cautionary tale. I was on that when it fell - and received a lot of message-board abuse for cautioning other holders against jumping in for more when things started to unravel. These small miners are fun (when you are long and they go up). But they are subject to a lot of things beyond their control and it can all unravel very fast.

Good luck to all.