Unusual selling today. This has always been a leaky ship so I fear bad news. Have they announced terms for a CR yet, or can we expect it in the next few days?
Very disappointed with them batting at 0/5, but you'd think they'll get it right soon. Right? Many others have had lots of luck with coal, so maybe ours will come via that avenue.
This time last year, a Coy I held shares in drilled a duster and they couldn't do anything for 6 months. I sold out for a 40% loss, only to see a 60% gain in SP by April. Not gonna make the same mistake again.
If they can keep total shares at 100m, even at 5c, it's a shell. The odds are it will go up from there. 6 months will be here before you know it.
GMM Price at posting:
5.3¢ Sentiment: None Disclosure: Held
