prophetic watso, page-3

sure seems that way jenny123


the very reason why this stock is falling, is because of the total lack of interest in the stock. to make the following type of comment is nothing more than day dreaming


"volumes tell us few shareholders are parting with their shares and the large majority holding very tight for the drilling".

what the majority are probably doing, is waiting for the first chance to get out of the stock. another poster has given the correct reason, and that is that a lot of current holders have purchased at between 20c and 30c, so for the time being they are a bit reluctant to sell. in other words, a lot of holders are "locked in". also a lot of holders may have purchased 100,000 shares at the pre consolidation price of about 2.5c, and after the consolidation and the freebies, it probbly is not really worth selling -

in another thread, watso read the following

"FMG's open door policy has opened a door for Gondwana that helps the feasibility study and reduce lead times for the corunna project to get up and running."

WHAT FEASIBILITY study - to date, the company has not done any of its own drilling on the prospect, but has collected a few rock samples - surely a feasibility study does not involve working out, if the company can use wheelbarrows to pick up the surface rocks.

wonder when it will be that the company will announce how many options were converted, to take advantage of the freeby issue.. those who resisted, are smiling. depending on how many options were converted, will affect the timing of the next capital raising. it is one thing to say that holders are waiting for the drilling results - but the company may well need to do a capital raising prior to this - and the way the shares are heading, then 5c could be the issue price.

time will tell. however, watso's posts do not affect the share price, and some punters who liked to believe all the warm fuzzy wuzzy posts, are probably scratching their heads in disbelief, as to why no one is interested in this stock