Nobody can predict what the share price will do over the next month. There could be a fund manager out there analysing the company's prospects as I write this and decide to buy 40 million shares tomorrow or next week or the week after catching everyone out in surprise. Any volume buying on GDN at the these prices will send the stock to 8 cents within a day going toe to toe with million share trades leaving retail investors and panic sellers scratching their heads. Seen it happen with BCC which mind you is coming under similar price suppression at the moment.
If I had to place a bet on the decline in SP, I would say it is a combination of negative sentiment carefully crafted by professional manipulators that involves a combination of rumour spreading, down ramping on stock forums like Hot Copper and market short selling. If they are selling on borrowed shares, they will need to cover at some point and given the length of how long this share price suppression has been going on for, I'd say it is a pretty tight spring right now if their bluff is called. I notice all the time that as soon as I stand my ground against down rampers on here, I am either moderated or suspended whilst the down rampers seem to then run rampart with no opposition which only leads me to suspect there is more to this than meets the eye. The fact I even mention this as an independent thought and opinion will probably ensure this post is moderated.
If you want to stop the rot, I would encourage positive sentiment to what would seem positive news and progress towards commercialisation of PB#3. If the company or its contractors didn't do such a good job with PB1 or PB2, is that a reason for the share holders to become vigilantes and decimate the share price and mock management for eternity? For what cause? Do people expect management to be as perfect as some of the investors themselves who obviously never do anything wrong or make any mistakes themselves.
One of the fundamental cultural ethos of Australia is to give people a fair go. I don't see very much of it on here. All I see is negativity based on something that happened years ago that didn't go to plan, and little to no respect for the hard work, success and planning that has occurred with PB3 to date. And when I stand up and say enough of the negativity, the mods suspend me for the most trifling reasons. Has to make you wonder sometimes.
GDN Price at posting:
11.6¢ Sentiment: Buy Disclosure: Held
