GRY
When it announced a great exploration result, there was almost no interest... so I topped up my holding with a lot of apprehension. Why apprehension? Banks are reluctant to lend money to miners!
But today, a Canadian company is bidding for it. Supposed to be worth about 20c but the share price is hovering around 16c. Strange. But at least my loss is not as bad anymore! Hopefully, it could even be profitable.
posted by Club Mulgoa @ 11:45 PM
1 Comments:
Today, it closed at 16.5c, yet the takeover bid by a Canadian gold miner is worth 20.6c. I recently bought a small parcel at 9.9c in mid-Apr 2016 after it announced a great exploration result which the market was not interested.
I wonder why the average investor is still not topping up at 16.5c! It went up by 3c after the announcement.
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