A rather unusual post, given your previous bullish sentiment. Yes, you changed your tune, and noted that the oppies were going to drive the price down. You were far from alone in this assessment. Indeed, you even made a song and dance about still being in TMT because you believe in the Gabby story... and now this...
Of course there is "more than enough in ground resource to supply the planets steel industry multiple times over for millennia". That is true for ALL bulk commodities. They key is whether they exist in sufficient concentration to make mining them a viable proposition.
Hell, there is an "abundance" of gold in the ocean. Good luck getting it out at a profit.
As for an "Elon Musk" moment, you know, as we all do, that VRBs are are just the icing on the cake, and as Zabba intimated, the recent run up in V prices has probably not been good thing in assisting with their uptake..
You say "I'm selling my meagre holding into the inevitable opening rise and I'll consider buying when they're back under 1c.". So really, your logic is, I'm gonna sell tomorrow, but before I do, I'm just gonna down ramp this stock a bit, to make sure the short lived rally I hope to sell into doesn't pick up steam. Just, wow.
I'll let others decide whether this has the ring of truth to it... I'll also let others speculate as to your motives...
To everyone else, all I can say it been a rough ride. No one here has your best interests at heart. Everyone is out for themselves. Fortunately, investing in the stockmarket, like life in general, need not be a zero sum game. It's possible to make money without shiving your fellow man. The downward pressure caused by the options will soon be over. The psychological and emotional pain which has been inflicted by the price declines is real enough, and if you didn't sell at 6 cents, 5 cents, or 4 cents, ask your self how much downside risk really exists at these levels. If your a chartist, you're probably already out. If you believe in the fundamentals, listen to what the experts say, and make up your own mind accordingly. By experts, I mean like the commentator from Roskill, whose interview was posted a few days ago. Or you can listen to anonymous posters with their own agenda. Your money, your call.
GLTA.
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Mkt cap ! $129.4M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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8 | 2387728 | 0.017 |
8 | 2791875 | 0.016 |
11 | 2263500 | 0.015 |
2 | 500000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 862281 | 2 |
0.020 | 404607 | 6 |
0.021 | 598625 | 6 |
0.022 | 1380000 | 5 |
0.023 | 2654010 | 7 |
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