groundhog day

It has been something akin to Groundhog Day since the slew of announcements by GOA management. No matter what is said, the share price doesn’t want to sneak above 1.9 cents. It is really funny about this wall of resistance that the share price has encountered in the last week.

I think it would worthwhile for management to again articulate where the business is at as part of the half year. The big challenge for resource companies is being able to communicate where the business is at and what it has got in its back pocket. Instead, most of the information is pumped out as data with very little being offered for the average investor. Even Warren Buffett is able to dumb down and distil his business (notwithstanding that it has six subsidiaries that would all be included in the S&P500 if they were stand alone businesses).

I have read the ASX releases and they make some sense; however, I tend to rely on one you kind folk to give me the info from all the detail.



Date Last % Change High Low Vol *
01 Mar 2012 0.019 0% 0.020 0.019 10,703,785
29 Feb 2012 0.019 0% 0.020 0.019 6,019,661
28 Feb 2012 0.019 0% 0.021 0.019 49,163,707
27 Feb 2012 0.019 11.76% 0.021 0.018 113,079,996
24 Feb 2012 0.017 0% 0.018 0.017 3,288,975