If someone told me a few months ago that GIII would still be trading below 2$ after announcing a definitive multi-year offtake deal with bp (!) for ALL the production of a new re-refining facility in the US Gulf Coast, I would have laughed in disbelief.
I actually expected a powerful move, like what Vertex Energy is doing in the last few days since their deal announcement with Shell (from 1.7 pre-deal to above 8 today, on huge volumes).
In hindsight, the fact that the namechange and the DA news came on the same moment was certainly not ideal as most people were not able to buy (or sell) on the day of the news. Anyway, being able to buy more shares here at this price level is a real gift. The shares should be at 3$ already today! I guess we will not see an extreme jump (like Vertex in the last days) but we will resume our solid uptrend when ESG funds and institutional investors start to discover this stock.
glta longs