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Bullboard - Stock Discussion Forum GLOBAL MINERALS LTD NEW GMFLF

GREY:GMFLF - Post Discussion

GLOBAL MINERALS LTD NEW > Topadviser i dont agree
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Post by Chainsaww on Jan 28, 2014 12:06am

Topadviser i dont agree

Because there is a fairly substantial financing being done and also increased in size that means it is probably a done deal. 
That means insiders and friends, Sprott and the Boston group and other large holders will load up on this one and get the warrant.  Its being completed concurrent with the rollback and there wont be that much stock trading hands after the rollback.  With some good support bids in place you may be surprised with this stock after the rollback. 
I just purchased at .075 average before the announcement and was really disappointed to see what they are up to as well.  but after seeing what is happening and in light of the difficult days to raise capital this is pressing ahead.  with Gold and Silver prices making a base and financing in good hands we have a good chance to have the bottom in place.  i have almost doubled down on my investment here again at .045 and if after the rollback it comes back a little more i will buy more.  The trading should tighten up quite a bit after the rollback. 
When gold and silver firm up in price in the not too distant future this stock should move up much faster after the dust settles. 
I have taken my positions and am ready to increase again if i have to.  Bottom is very near here.  good management and unfortunate time to need financing but beneficial if you are the placees at this time in the company stage of development. Good things ahead in my mind.
Comment by nostril on Jan 28, 2014 4:00am
Topadvisor: 1. If 90% of stocks that consolidate fall back to their pre-consolidaiton level then why don't people just short all stocks prior to consolidation and make a massive profit 90% of the time? Your assumptions are wrong. 2. The market cap of Global Minerals is tiny, just $5m at the moment. Are you really expecting the shares to fall 80% from their current levels? I think this would ...more  
Comment by topadvisor1 on Jan 28, 2014 10:10pm
This post has been removed in accordance with Community Policy
Comment by nostril on Feb 04, 2014 2:59am
Topadvisor: You say: "First of all, I am not taking ANY risk since I am out." OK, thanks for that, so now we know that you have an interest in the stock going down for no reason so that if you do buy in it will be at a lower price. You post starts to make sense. You also say: "I remember OYL shareholders saying similar things when they consolidated and opened at a 1 dollar. Just ...more  
Comment by nostril on Feb 04, 2014 3:13am
Topadvisor I doubted you would provide any evidence to support your 90% claim, so I found some evidence for you on the performance of stocks post reverse share splits: Statistical evidence on the performance of stock post reverse share splits As you will see, the percentage of shares that outperform relative to those that underperform following a share consolidation is fairly even. Not 90%. N ...more  
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