the point here is the immediate dumping post-funding, nothing to do with market conditions at all, the IPO was in boom boom times and was dumped massively, SPP was underwritten on the back of a new discovery and dumped immediately.. i cannot make excuses regarding market conditions for this stock, market conditions mean nothing here, it cannot even produce one green day or show one glimpse of even a mediocre bounce..
150% gains needed from IPO
60% gains needed from SPP
it is showing all of the characteristics of a dog stock .. wouldn't you agree?
In the spotlight - New Virgin Top Gold Discovery, page-217
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