Agree that the downward pressure is due to the ANZ/Opes Prime scandal.
Looking at the chart since March 28th when 2,656,977 worth of the Tulloch's stock tried to cross unsuccessfully, these are the volumes from March 31st to May 9th:
Of course the question how much is Opes Prime and how much are private investors.
Looking at the way they've been selling it looks like they are trying to get rid of what little they have left.
So I don't think they have much longer to go on this.
Production is due to start this month and revenue will start rolling in next month. Honestly this is like the perfect entry point.
I applied exactly the same principle when investing with FMG and CSL (when it was announced they discovered the HPV vaccine and were going to start production) and look where they are today. It's a simple strategy but it works!
GSL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held