RE: current situ2 Jun 2016 21:31
I said last week that this was going to go down given the potential risk of delisting.
I have had some more time to think now an though I haven't been actively following GDL I am not sure if we will delist actually. Liquidity was clearly bad at GEL, you only need to look at its chart. GDL's chart however, though clearly trading in small volumes, feels more "normal" .
Also, the oil market has bottom out, andthere's upside and money to be made owing oil related stocks in the next 2-3 years.
Also, look at today's trades. How many share were there really sold? Not that many at all – someone panicking that sold at 1.7p. And yesterday? hardly any sells. The spread is currently at 31%!
I feel the price has been pushed down artificially and not a reflection of real selling pressure. Thoughts?