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Ann: Quarterly Reports - December 2017, page-75

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45 Posts.

17/01/18

00:23

Post #: 30357941
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Originally posted by yanlin ↑

Brotherprinter,
Interesting you mention ORE in your post. I can't help but think they will have a major impact on the short term market sentiment for Oz Li stocks in coming days. ORE's proposed capital raising (excluding the special placement) to raise $79m from existing shareholders (on a 1 for 20 basis) will no doubt see many players sell down other investments to raise capital to throw into ORE as this cap raising is at a pretty significant discount to market price. I can see a bit of arbitrage going on over the next few weeks.
That will, unfortunately, impact us just when we have gone to market with our quarterly report and there's probably not a lot left to say to the market (in terms of meaningful announcements) for at least a month or so. We could be in for a bit of profit taking and rebalancing of portfolios as investors in both stocks look to maximise short term returns.
Also, I expect to see a few broker reports on the back of the quarterly report as early as tomorrow. Judging by the late end of day trading I expect some brokers have already formed their views and acted accordingly. We have already seen in previous reports a number of brokers articulating the view that GXY was fully valued at around the $4-$4.20 mark whilst MC was the only producing asset.
I hope I am wrong, but I get a sneaking suspicion we may see a few down days before we see any real positive move.
Also, I am still smarting from last Thursday's action that saw the big players offload truckloads of GXY stock because of RIO's decision not to pursue the SQM parcel that is currently looking to be sold. I feel as though we could see a repeat market performance - albeit on a much smaller scale. Have a look at the profit taking on PLS as well. That suffered a lot more because they are still not producing, whereas we have great income and cashflows at present.
GLTA - and be a little more cautious over the next week or so (IMO).

Expand

Originally posted by yanlin ↑

Brotherprinter,
Interesting you mention ORE in your post. I can't help but think they will have a major impact on the short term market sentiment for Oz Li stocks in coming days. ORE's proposed capital raising (excluding the special placement) to raise $79m from existing shareholders (on a 1 for 20 basis) will no doubt see many players sell down other investments to raise capital to throw into ORE as this cap raising is at a pretty significant discount to market price. I can see a bit of arbitrage going on over the next few weeks.
That will, unfortunately, impact us just when we have gone to market with our quarterly report and there's probably not a lot left to say to the market (in terms of meaningful announcements) for at least a month or so. We could be in for a bit of profit taking and rebalancing of portfolios as investors in both stocks look to maximise short term returns.
Also, I expect to see a few broker reports on the back of the quarterly report as early as tomorrow. Judging by the late end of day trading I expect some brokers have already formed their views and acted accordingly. We have already seen in previous reports a number of brokers articulating the view that GXY was fully valued at around the $4-$4.20 mark whilst MC was the only producing asset.
I hope I am wrong, but I get a sneaking suspicion we may see a few down days before we see any real positive move.
Also, I am still smarting from last Thursday's action that saw the big players offload truckloads of GXY stock because of RIO's decision not to pursue the SQM parcel that is currently looking to be sold. I feel as though we could see a repeat market performance - albeit on a much smaller scale. Have a look at the profit taking on PLS as well. That suffered a lot more because they are still not producing, whereas we have great income and cashflows at present.
GLTA - and be a little more cautious over the next week or so (IMO).

Expand

Hi Yanlin,
This Quarterly Report I don't know what so good about it, There is only one producing mine and that is Mt Cattlin. Regarding James Bay and SDV that may take many years be for they start producing. The way I see GXY it will be worth only $2.50 by April because the financial year ends on 30Th June there will be a lot of selling between now and 30 Th June. I have lost faith in this stock, that is why I sold out when the stock was $4.16 and I am happy with the profit I made. If the Quarterly report was all that great then why is the stock going down in value. Many people say that they are long term, but that long term may be zero dollars in the end. I know that many people wished that they sold GXY when it was $5.50. There are about 3 Miners that will be producing in the next 3 months and I think there is better value in in PLS Taw and AJM and I hold all those three stocks. In the next 6 Months I cannot see this stock improving in very much, if this stock is worth 3.20 in mid July then you will be called Mr: Lucky, trust me I know what I am talking about. That said I wish all GXY shareholders the best of luck. I will get back into this stock when at some time at $ 3.00 or may be a bit lower. Good luck to current holders.

GXY Price at posting: $4.26 Sentiment: Hold Disclosure: Not Held
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