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29/08/18
21:44
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Originally posted by Lobon
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Really not happy with the placing , i am puzzled why they started their drilling campaign spending the cash , also why not borrow a few more quids when they took on the debt seems a little short sighted .I am somewhat forced now to buy in upcoming public offering just to lower my average. Anyone else taking the plunge with the offering?
I have concerns also regards the timespan of ramp up, seems incredibly long for a relatively small operation. I would email these concerns to the company,but that would be a total waste of my time as they never reply.
Just deflated with GCY’s management furnishing of city types and highly discounted placing. I was told by a uk ceo never trust an Aussie ceo, I thought gcy was different how wrong I was . Some of the cash raises this year I’ve suffered in Aussie stocks have been highly discounted and manipulated to suit the institutional investors .
I am slowly removing my cash from the markets right now as and when I turn profit , moving it into the Uk property market .
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Given there appears to be no problem buying today at 30 I'd prefer to buy in the market as I have immediate access to the shares in case something happens and I can sell.