Whats the point in selling? Only 25.5 cents more this stock can lose.
The problem is, any sort of gain, i.e. 10% will be met by a wave of sellers: Citi...... The underwriters. Unless they have some sort of agreement to stop this.
The equity markets for miners are non-existent at present. Hence the insane price.
I just don't expect to recover my average price of around $0.75 any time soon.
I'll be voting against all current directors at the next AGM, I'm sure I am not alone.
I am in huge losses. Wouldn't be the highest here, but I am up there I am sure.
GBG Price at posting:
29.5¢ Sentiment: None Disclosure: Held