I realize the highs and lows of GWR over the last 3 yrs, one thought after reading all the posts is that we all agree that one buyer is basically controlling the SP and trying to suck up as much as he can at the lowest possible price as well as having a frenzy here and there, i also understand that John Doutch is heavily involved in the mining industry in the West for many many years who is a very rich man as well as a man who likes to get his own way, now he is on the outer and not controlling the inner GWR political stuff then it would be obvious from the sidelines he is trying to accumulate as much of the stock as he possibly can as he is one who knows the full potential of GWR and the uncounted 100's of tonnes not yet released, it is my understanding nearly 2.5 yrs ago when the SP reached around $3-$3.60 that $8 per share was considered rejectable, obviously back then also there was talk that Macquarie Infrastructure was going to raise capital to put in all the rail lines to get the Iron Ore out and shipped, any thoughts are welcomed, but if you knew you could oneday get $5-$10 per share on a stock at 30 cents - $1 now then why wouldnt you be buying as much as you can if you had the means, i also believe he is selling as well just to keep the price in the range he likes.
all the best
GWR Price at posting:
94.4¢ Sentiment: LT Buy Disclosure: Held
