My view is C.G has lost all credibility and there are many solid reasons for thinking this.
Surely the last announcment of C.G cashing in on his ordinary shares for 1.6 cents to buy incentive shares at 1.1 for a lousy $4780 profit only shows he himself doesn't truely beleive in the company. What he truely is doing is de risking and taking what he can while he can. He gets paid a shi load for pretty much achieving nothing so why the need for $4780 when he should be showing investors he is confident.
Also when the interviewer asked why do you think the share price has tanked he said well that's a good question, I really don't know..when in fact he knew well as he was one of those selling...credibility has been lost and that is why the price is taking a beating.
The only thing that can change this now is a decent resource. And C.G can then slowly build credibility and show how much he truely beleives in this company.
Cheese.
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $644.3M |
Open | High | Low | Value | Volume |
22.5¢ | 23.0¢ | 21.8¢ | $4.393M | 19.63M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 500000 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 2656512 | 36 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 500000 | 0.220 |
6 | 717916 | 0.215 |
8 | 717591 | 0.210 |
3 | 455000 | 0.205 |
9 | 1647125 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 2656512 | 36 |
0.235 | 1988833 | 16 |
0.240 | 1089498 | 16 |
0.245 | 1633541 | 8 |
0.250 | 1522650 | 22 |
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