I think the announcement they made on the 15/2 was the catalyst for the drop in SP. It planted the seed of expectation into shareholders minds (OHD will result in a 300% increase in whatever they fertilise...) that then led to the latest announcement being a disappointment with the OHD trials only showing a 21% increase (as opposed to the 300% increase). Even though a 21% increase is still very good, this announcement on the 15/2 created the wrong expectation, but what was lost in the noise was the cost savings, it never really was discussed in detail, yet for me this is the biggest winner.
The down rampers had a field day with this one between the 2 announcements.
In saying all of that, the last announcement was very good and it still remains a good announcement that move the company in the right direction...I just wish this announcement below was worded better.
Just have a look at what the SP did on the 15/2....The announcement caused this massive overhyped increase in the SP, subsequently, the announcements that followed I feel were then set up to fail.
![]()
![]()
![]()
- Forums
- ASX - By Stock
- Potential of GPP
I think the announcement they made on the 15/2 was the catalyst...
-
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNM (ASX) to my watchlist
|
|||||
Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $2.319M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $538 | 37.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 81001 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 167011 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 81001 | 0.015 |
3 | 381451 | 0.014 |
1 | 400000 | 0.013 |
3 | 294995 | 0.012 |
7 | 1010451 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 167011 | 4 |
0.017 | 54733 | 1 |
0.018 | 486660 | 4 |
0.019 | 20001 | 2 |
0.020 | 370329 | 4 |
Last trade - 12.02pm 10/09/2024 (20 minute delay) ? |
Featured News
GNM (ASX) Chart |