> Not being rude or downramping but at what point do you call a dud a dud? The problem with GDN is now you have so many trapped traders & Investors that are going to be badly burnt that it will take ages for the share to recover if at all. What about opportunity cost, this thing has had 7 months to perform and it has not happened. Just wondering at what point one moves on.
Depends on why you bought in. If you want to trade the swings and volatility you should have been out a while ago, probably looking for another entry in case it's going back up. If you thought they might find something in the first well, then it's not unreasonable to WAIT FOR THE RESULTS OF THAT WELL before calling it a dud. The directors are confident it's commercial. Other people are confident it's not (mainly based on what the directors have & haven't reported).
Yes it's taken (more than) 7 months, but problems occur, that's why you factor risk into opportunity cost.
GDN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
