GDN golden state resources limited

why no sp movement, page-5

  1. 6,421 Posts.
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    I dont accept the weak selling to the strong theory, why would scaredy cats bail out of a very stable sp has closed at 14c every day for a week or more, if it were scared sellers i think we would have easily gone back to 10.5c
    I think there is some merit to the price capping for another placement, though someone mentioned that it was stated at last weeks meeting that no further fund raising was required & that connection costs were also covered by the customer.
    My theory is the last placement is being dumped at 14c & supported by same at 13.5c. However I think they could have dumped their load a lot quicker if they hadn't killed the volatility & subsequently the volume. I guess they are rich enough to know what they are doing.
 
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