Post by
gemsearcher2 on Nov 22, 2021 1:26pm
let my freebie gel shares go
today at 0.91 this morning.
Maybe sold too soon.. time will tell as the sp seems to be holding strong here in the 0.90 range. No doubt there will be a big demand for graphite in the future and i believe that GEL has some hi grade stuff on their property.
My main reason for selling was because i bought too many Mn shares near 0.50 and am underwater a lot there and it just seemed that gel got a bit overheated and ahead of itself. If i was not down on MN so badly i would have probably kept the gel shares i had.
Kinda interesting to see this price action with GEL which suggests that the property did not provide and additional asset value to MN at all as long as it was held under that umbrella but since it is its own entity there is some really good asset value showing up on it now.
Pretty hard to do know just how a spin out will behave but this one has been a great success so far imo!
glta..have a great day!
gs2