RE:RE:Public Enquiry B.C.This is nothing else that fear mongering.
Food for thought:
BCLC renewed GC contract for 22 years
OLG awarded contract for initially 20 years now its upto 42 years.
You really think the contract was awarded to a company without vetting.
Investigation was done and G was cleared of any wrong doing. They followed rules.
Who knows how long it will take to go back to those levels. The situation really sucks. Cannot do anything but to wait. Just dont fall prey to fear mongering.
Technically speaking, 40 is a cruicial level, I hope we get a support there. We should see some support there. If not, then stock has to find a new bottom.
Remember the company has 40K buying room for a day, and they had 525K total room left.
They could easily gobble up all silly 1 or 2 lot sell orders every morning to set the mood for the day trading.
Maybe they are also waiting for the selling pressure to dissipate. So their NCIB purchases can be used efficiently.
Maybr VRS79 can provide some technical information, as he was pretty correct in interpreting chart last time and making some money on the donward move.
The markets have been bad too so this drop got amplified.
GLTA
dazedconfused73 wrote: I'm so disappointed in this stock - I've only had it since the last breakout at $55 - fortunately I only paid $50 so could have been worse. However @ 1000 shares I lost a lot as I hung in there until today. I'm retired and am not all that well off, and take full responsibility for my actions - that's the stock market. I sincerely hope management is NOT a bunch of crooks as you stated. Numbers have been good up to now but has that been due to fraud and money laundering. Who knows. I'm relieved to be out but I hope this company regains it's good standing over time. Just for the record, I am one of those that goes to the casino with $100 once in a while - Victoria, BC. When buying this stock I felt safe going with the "house". Just didn't work out.