This is both good news and not so good news. The good news is that Blackrock with all its research capabilities has seen what blind Freddie can i.e. that the company is incredibly undervalued and that all the signs point to a major revaluation in the coming year e.g. the share consolidation, the directors positioning themselves, SDV just waiting to be progressed, James Bay drilling to prove up a larger resource etc etc. Being a super smart operation Blackrock have got in before the other big players. The not so good news is that I did not have the courage to re-mortgage the house and buy up big at 42c. The big question now is will there be a bit of a pull back in the sp before the AGM or will the sp keep going north. The big confidence builder in Blackrock coming on board is that its actions speak louder than any words in any brokers report.
GXY Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
