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Maybe a nonsense post but no.s don't lie, absolutely desimated the price and going to get worse wouldn't mind but nothing has been communicated about Asx listing timeline other than the leak.
Pi.s have to admit this is going to the dogs the rate we are going ..several of the staunch supporters have reliased that's why we don't hear from them paddy,Reddit etc
There's no good news regards the SP until the ASX listing news is official until then we are going down everyday..it wont help the longer SD strings out the ASX news out it was confirmed Sept but not a peep so far.
We have the hurdle of what the price is going down to when and what the ASX listing is going to entail ..so yes certainly going down into the 5's i reckon.
Come on SD get the listing sorted so we can recover over the next 12 months.
I agree with you Rass. that could be one of the outcomes , but as far as the market makers are concerned, whilst there is the uncertainty of the listing and the rumour not been quashed by SD they will keep the price at a level they see as worst case , any amount of news in the interim will not move the price (unless bad news and then we will suffer short term).
I also cannot believe as some say its the shorts keeping a lid on the SP.
All true reading im afraid, there is no way there wont be any dilution listing on ASX otherwise SD would of categorically dismissed it when he released the RNS.
Anyone jumping on board or topping up (like myself) will be in the autumn when we know the SP bottom , the rate of the decline will be around 5.5p
Still too many uncertainties for the market !!
And this is why we wont move from the 6/7p mark
While not yet an ASX stock, Greatland is in the late stages of planning its ASX IPO for later this year β with media reports that itβs planning a potential equity capital raising of AU$50 million to AU$100 million
Until the rumour is quashed or actually happens we wont be going anywhere for a good few months.
The only reason this is dropping everyday is the MMs forcing GGP to RNS about Capital raise in my opinion....
Absolutely they need to hurry up and make a decision cannot carry on like this its carnage 22% drop in a month just because of it.
The only promising thing about this debacle is that its the mm's are choosing to drop the SP, even today every single trade bar one shown so far have been buys yet they insist on marking most as sells to accommodate the drop.