RE: Kononov20 Dec 2018 13:10
The 25ps were sells, I didn’t want to but I had to buy a few more GMS when it was at 7p, i will be buying them back soon so the mm are just holding on to them for me.
The sell price dropped to 22 after the first one then offered 25 again after the small buy.
It’s Just because of low liquidity,
Ive had a buy order in at 27.5 for ~15k shares the last few days but They never filled it so I took the chance with GMS on their drop.
Overall I’m aiming to increase to around 30k shares here but will see how it works out. High risk high reward etc.
Part of me is also expecting the next rns to be again written with a negative tone so I am just trying to hedge a bit and rebuild a few quid.
All the latest loans and the boat are for the port are to ensure the port keeps going, Kononov explained it in his statement, $5m invested to secure the export lines of the products for Petrosak aswell as new points of sale is a good investment and should pay off eventually, if the port went in to admin and was shut down even for a few weeks the whole island would stall and then it cash flow would dry up at the refinery, i expect it all to work it in the end.
Kononov is thinking big picture.