Post by
soots on Jun 23, 2022 4:20pm
Trading GQC
You can, no doubt, make a lot of pennies trading GQC, but when the permit is finally granted, the SP will probably shoot up to a dollar + in a very short time. If you happen to be out of GQC at the time, you will kick yourself. So trading is not without its risks, even if you buy low and sell high.
I'm not saying WHEN this will happen, but when it does happen, it will be fast and unexpected.
In June 2012, the SP was 6c, then in a few hours / days it shot up more than 10 times, then down and then up to nearly $2 within 3 months (more than a 30 bagger). So this is a strange stock that can appear to be easy to trade, but which now and again will kick you where the sun don't shine if you're not properly on board. One of those occasions will come along in the next few months, whether it's the permit, or it's excellent drill results.
Comment by
pokinfun on Jun 23, 2022 5:59pm
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Comment by
soots on Jun 23, 2022 7:18pm
I agree that the market outlook is bleak, but let's hope that GQC can buck the trend when the good news finally comes ...
Comment by
palfryville on Jun 23, 2022 10:02pm
I am long as well but I do not agree with your assessment on what the permit will bring. Much has changed here since 2012. The DR has "confirmed" it is a sh!t country for investment with no certainty. If the permit brings $1, I will be both happy and surprised. I think the DR's mining road is a bumpy one...