GLA has gone back into hibernation and has been sold down to 0.006 and there's no sign yet that it will not go to 00.005 or even back to 0.004.
The buying frenzy we saw last week has completely dried up and the capper at 0.008 has done and is doing his ugly work.
Not encouraging to read that one or more directors is / are selling.
Even with a CR looming, on the face of it GLA should be much higher than this with its recently - announced acquisitions and now DD concluded. But it isn't and the lively trading we saw recently has completely stopped.
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Inertia/ hibernation returned, capper at work, directors selling, CR looming ( in that order ) are my reasons for selling.
I will be watching and will be swift to re-enter when any or all above factors change materially.
GLA Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
