I think people are reading too much into this. Lack of liquidity pushes the share price high extremely fast and vice versa. I also don’t think the share price is being manipulated the individual trades are so low it’s primarily retail investors.
This is a long term hold for me, I have done plenty of analysis and am extremely confident in the future of the business.
As we all know markets can be irrational and for whatever reason the share price is stagnant. In terms of cap raise I’m not concerned Bevan can always tip more cash into the business which will give him more equity, ad confidence and drive the share price higher.
This is a fantastic business with significant global potential, I look forward to reading this post in 12 months time I think we will be having a very different discussion.
They could also turn cash flow positive over the next three quarters and negate the need for a cap raise.
With Bevan in our corner I have absolutely no concerns about strategic changes that may or may not be needed. He can make the tough decisions if need be to course correct should there be any issues.
Ps I’m not a believer in charts I’m a believer in great businesses.
GLTA
I think people are reading too much into this. Lack of liquidity...
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