Iv'e been looking at GXY for a while now and decided to buy in just before the trading halt which gave me a bit of a scare. Relieved its some pos news! I see the massive potential for this company based on the demand for this product in the next 5-10 yrs and the ability of the company to sell the product anywhere through from raw material to completed retail product which is great to see for an Aus company instead of just shipping mountains of ore.
Ambitious project - yes! and it looks like they have had a few teething problems along the way (and probably still to come) but if they can get it right the upside will be good for very long time. I view ECE's 66.2 mil investment as a positive - this has become an international company and most of the development, investment and r&d for these products is happening in Asia and ultimatly where these products need to be sold.
GXY Price at posting:
16.8¢ Sentiment: LT Buy Disclosure: Held
