GMC 0.00% 0.6¢ gulf manganese corporation limited

Relentless selling into 0.009. I think we all forgot to consider...

  1. 712 Posts.
    lightbulb Created with Sketch. 2
    Relentless selling into 0.009. I think we all forgot to consider the impact of the first placement in April at 0.005 of 204,600,000 shares. These are probably the reason for the decline since relisting last week at 1.3c — who wouldn't sell for an average of 100% profit?!

    I still suspect there will be good trades here and am looking for an entry but I think it needs to stabilise first before the low-risk trades appear.
    Last edited by Waldo777: 04/07/17
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.