Hadn't planned on posting until i got home and noticed the volume and of course the drop.
Well, where is the announcement that one would expect with such a decent volume and large drop in S/P today which appeared out of the blue? I thought it was due later this week.
None! Zilch!!
Blokes, did it look orchestrated to you, or was it more the case of gamblers in the market who don't have the balls to hold and decide to follow the leader?
If the second one rings true, i hope they lost a bundle.
No sympathy from me what soever.
My guess is it was the second scenario.
No leaks!!
I am expecting good news irrispective of what the market thinks, because the market is often wrong due to dumb people who get way out of their depth and cause so much speculation and panic that is often completely unfounded.
Somone mentioned margin calls on other stocks as a possible reason why GDN or GDNOA may get hit. That could be very true.
End of the day.
You either believe they have a Gas field and will be able to get it to the market profitably or you don't.
The shareprice is irrelevant unless of course you hold the options.
Looking forward to the announcement within the next few days.
Cheers markco2
GDN Price at posting:
9.4¢ Sentiment: Hold Disclosure: Held