Like most other companies since mid May we have seen GDY s/p driven down by hedge funds having to sell their positions at any costs to meet redemptions , which in turn put margin lenders at risk , forcing further selldowns , which further spooked uncertain shareholders into selling.
The time has arrived where this cycle has abruptly stopped and the market having been ridculously oversold and will return to pre-May values
You will observe this whole cycle with regard to GDY was done with relatively low daily volumes , all the more reason to now see this share price return as quickly as is now happening.
There are a large number of fully committed believers in this company from Origin Energy down to the mums and dads who want to leave this world a better place for our children.
Also just as highly committed is your management in GDY who I believe will leave no stone unturned to achieve the huge goals coming from success in this cutting edge tecknowledgy to provide the world with renewable ,24/7 , low immision power.
My wish is to now see management able to kick the goals needed with Power to Innaminka and a sizable Fed. Govt funding committment over coming months ,that will ensure the $2 options are exercisable in late Feruary.
RNE Price at posting:
$1.04 Sentiment: LT Buy Disclosure: Held
