GMM general mining corporation limited

drilling ?, page-2

  1. lcu
    319 Posts.
    Hey Corker I know how you feel. I'm not sure how long you've held your shares but I've been there since the float and are down considerably more than $10K if that makes you feel any better. The company has always been very lacklustre with reporting about what's going on. I decided 12 months ago to ride this out and see what Fotios and crew can achieve. With his holding of 31 million shares I'm pretty sure he has some plans to turn this around like he did with NST. I know he can't control what's in the ground and where it is but they will find it if it's there. The only problem I can see is that he has invested in quite a few resource companies so I'm not sure where his priorities lie and it could take a while. I wont be selling at this bull@$it price but I can understand why people with a small holding would unload just to get away from this boredom. That being said the seller that has been sitting there with 500000 at 5c for weeks on end doesn't help as sellers have to come under him/her just to unload. As a long term trader for over 10 years this has probably been the most frustrating share I've ever held but I have a gut feeling they could pull something out of the hat and that's what keeps me there. It will be slow and painful but hey you never know what's around the corner. That's the nature of this game we play. I read a quote from a well known trader years ago that says "the stockmarket is the hardest way to make easy money". How true.
 
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Currently unlisted public company.

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