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Mainy66

816 Posts.

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17/05/18

19:38

Post #: 33173194
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Originally posted by Funkmasterjimmy ↑

The tesla deal is nice but the kick today is from the filtering of the pending deal for sdv, it's massive. 40 suitors narrowed down to 3-6 front runners. The deal is coming and its beginning to solidify finally. Still expect some volatility as the orchestrated shorts cover. The shorts probably new this deal is pending and hate that it's kind of leaked out surreptitiously.
The high percentage of shorts is also probably another ploy to scare weak hands and make them second guess their investment in gxy and sell out early. Not wanting to cross promote at all but not so long ago WSA was at 20 odd % shorted and within a short time it's down to 3.5% with no short squeeze. Again orchestrated shorting from the beginning.
I knew there was something brewing this morning. The info provided by those that attended the ATM (Tinman and co) has effectively acted as a company announcement. Well done and that's why we need to attend the agm if possible and I promise you this I will be there next year

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Must say the venue at Crown for the AGM was quite nice. We have gone from the West Perth function centre to Matilda Bay and now Crown. Be nice that if next year the AGM conicides with a appreciating SP, then we can all celebrate with a drink somewhere in the complex. Who knows, maybe the MD and Chairman will shout us a round?

GXY Price at posting: $3.37 Sentiment: Buy Disclosure: Held
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