Thoughts, page-20

Hey!

Another thing that's in the mix is there'll soon be LOTS more shares out there..... And these shares have not been bought on the way up... They have been given to the GMM holders.

No one knows for sure where the new merged company price will sit, nor what the GMM holders will do with their GXY shares..... One possible event is that there'll be a wave of selling? The sceptic in me says the market operates on the principle that there's no such thing as a free lunch, so why would the market simply want GMM holders to get a nice bonus by cashing in their newly gifted GXY shares at a nice, high price....? Hence the price drop too...??

I guess that equals a lot of uncertainty... And who would want to buy into that at this time....?

Could also be that people are indeed selling into this, with intentions of buying back the dip.....

So my opinion (and I stress it is ONLY my opinion!!!) is that until the merger is complete AND the new shares are issued, GXY is gonna sit in a sort of limbo until price direction is re-established and the impact of having more shares on issue is fully priced in....

Again.... it comes down to investor view...

If you bought around 50c, you may well be nervous.... If you bought ages ago, this is just price action.... I guess one has to be happy with whatever view one takes for investing here... And react accordingly!

J.