People have long been saying that the market is valuing SdV and JB at $0 when trying to understand GXY's current SP malaise. However, could it be the other way around. Could it be that the market is valuing MtC at $0 and looking at SdV and JB as potentially good things that have no funding. When looked at like this the comparison to PLS makes more sense - PLS have some funding, albeit at a rather high interest rate, but GXY have nothing, nothing but speculation. So is the market looking at GXY as a spec stock (and PLS as something a little further along than a pure spec stock)?
I ask this as I pull out my bottom draw and snug my GXY stock between my jumpers to keep it warm.
Cheers, SF.
GXY Price at posting:
$1.73 Sentiment: Hold Disclosure: Held