Anyone who has been here long enough knows that WG doesn't give a crap about retail holders, they are a means to an end. Every timeline that has past WG lips has been missed and never by a small amount. What I can't understand is why he keeps doing it, why doesn't he under promise and over deliver, at least once?
As for the options, I'm guessing they never had any intention or simply know that FGR has no short term news that would lift the share price. Unless the Gerdau deal encompasses a sale and not just a conduit to future sales in the US then the SP won't change. Plus holders would exercise and imminently take profits which might hold the SP down for considerably longer term and make it less attractive to intuitional investors.
The market wants what was promised by WG so long ago and that is Break Even, until then my opinion is the price will remain stagnant. This company in truly disappointing given it's potential.
FGR Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
