GTP 0.00% 12.0¢ great southern limited

buy in doom...

  1. 1,579 Posts.
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    Molonski/Zwu & co.

    You may be right that this puppy is going under.

    However, sometimes these things get way oversold as the crowd head for the exit.

    As mentioned ,I'm impressed that they have effectively raised $150mil at 50c when their cap was only $60m.

    I'm planning to hold GTPGA/B thru to the expiry dates in next year or 2 and see what happens.

    If management let this run without taking out GTPGA/GB, the pref holders will get the bulk of the company as there is no minimum conversion price.

    TIM has bailed from the MIS scene so sales should still be something. Remember 95% of people still are working and many still desire a tax break.

    Easy to get caught up in this negative sentiment but worth a small punt in ga/gb in my opinion.
 
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Currently unlisted public company.

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