Mate- What don't you get about this??
What you've just written is complete and utter tripe!! DYOR - don't talk about it - go and do it!
They are issuing another 80MILLION shares at .30c!!!!
What do you think a good return on your money is these days 5-8% ? 10%? - pretty damn good (most credible Super funds are doing around 9-10%)
20% - fan-bloody-tastic!
So what do you reckon Mr Hartley's and other Instos are going to do when GCY Sp gives them profitability of 20% (36c)? I'll tell you - SELL !!! And run around the 'Switzer Olympics' with a big forkin gold medal around their chest!!!
And who is going to be buying in to give them their big profits - I guess you dopey draws!!
The price of AU is the same all over the world mate - it's only the exchange rates that differ!
And yes it hasn't gone down that much to warrant the big drop with GCY - the drop here was all about the CR.
Your posts are all contradictory!
Thomson Reuters had a year end valuation of 86c ,(as did the invested Companies such as Hartleys) Morningstar (usually overly conservative) had a fair price of just less than 50c . Price to book ratio of x1.37 -
All said and done, mate, - wasn't over-valued (as you claimed) until the CR - ( you know - the one that you and I didn't know about until it happened!!)
They should have issued a trading halt weeks before when the sp was nearer 50 when they decided they needed more cash!
I don't think you realise how long the queue has become before you make any money except for what you can secure at .30c if you were in early enough?
Did I say long queue? , sorry, I meant long, long, long, long, long, long ................queue!!
GCY Price at posting:
33.5¢ Sentiment: Sell Disclosure: Held
