I think the market turmoil is a very important explanation, not just for GDN but for the whole OG speccie sector. Every shock has rachetws down the price of the speccie sector. More importantly, on the uptick days, investible funds tend to go back into the cheap blue chips, rather than cheap speccies, which languish at the new low price. Put simply, liquidity preference is high at the moment meaning bounce-backs are dampeneded for the micro-sector stocks. GDN's struggle, at least in terms of shareprice, are significantly driven by this (ie. in addition to recent CR and previous GDN failures). In more bouyant economic conditions, even with all the other uncertainties regarding the economic viability of Paradox, GDN would be at 5-6 cents just by virtue of being better able to reclaim falls caused by the wider market events.
- Forums
- ASX - By Stock
- GDN
- rick
rick, page-8
-
-
- There are more pages in this discussion • 4 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
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla