Unlikely but just in caseThis chart would point to either Taylor has completely screwed up and hence the all time low achieved or a slim possibility has arisen whereby we are fast approaching an exit from a huge falling wedge. To resume the old trend-line would put us at around C$1.20 depending on the velocity and momentum of the move - this is where the greatest resistance would normally be found on any stellar news-flow. As a rule stocks normally overshoot and back-test however good the news. So why tictactoe you may ask are you posting this chart when you have been so critical of the management? In response I would say this: there does remain a possibility, however slim it might seem at the moment, that GSM does indeed strike and it's a good idea to plan the exit
before the noise arrives, before the discussion board gets crowded with idiots and the group think prevails..................we should be so lucky I hear you cry!
My previously vented views haven't changed concerning the management and the below is certainly
not a recommendation to buy any more stock. One thing does rattle away in the back of my head though, can Taylor actually be as bungling and as stupid as I believe him to be, I'm 95% sure he is. 10% of me however thinks he can't be that stupid and that perhaps the decline was by design to enable the insiders to get in at the lowest possible price with the minimum amount of risk. Keep an eye on the options/debt for equity route, that will be the indicator.
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