GLX gulfx ltd

MUFC22,This is not a company you will make quick bucks out of,...

  1. 891 Posts.
    MUFC22,

    This is not a company you will make quick bucks out of, however at these prices you could make a good 100% pretty quick. There are a number of milestones the company needs to achieve to maintain investor confidence but even if these are achieved by the end of 08 as planned by the company, the sentiment on hte markets will overide any gain made by the company so look at the markets first before you get worried. With oil at around $70/barrell and BHP + RIO beeing slaughtered on worries about demand, you have to realise that the speccies aren't going to attract too much attention unless there is comfort for demand/growth coming soon, which may be unlikely. To summarise, the company and project are still great. Market sentiment is not.

    I am more worried that a takeover may happen and offer 10-20c for the company shares, effectively stripping shareholders of the future big gains.

 
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Currently unlisted public company.

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