Well I used the word "dirty" because SDL was 40ish cents. Then a sudden rush came. Everyone was saying "the chinese are buying!! they realise the potential..." Yes they did know the potential because GJ obviously leaked some information to his Chinese friends about the proposed merger. WHAM SDL is 70cents in one and a half weeks. HOWEVER a 20+ cent movement in a little over a week for SDL is HUGE. They have a crazy market cap with 1.8billion shares issued (off the top of my head). Then at 70c they announce this merger 2:1 - what a joke that was, I was so angry.
Look at all the other Iron Ore stocks since August, they are all bucketing up north. GBG is one of the larger companies and is the only one that consistently goes south. MIS, ARH, and AGO all in the same sort of category as GBG and doing great. We are not, we have good announcements but investors have lost faith in management IMO.
I'll continue to hold, but I am not happy. I'm sure a lot of you feel my fustration.
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