Hi Facthunter, Is it really confirmation bias at play here, or is it just that people have done a fair bit of research into this company/sector, and are willing to invest, based on the strength of the fundamentals that they see in the Galaxy, the sector at large, and the good old fashioned Aussie spirit sentiment of just getting in there , and having a go?
Funny how some great minds around here, think that cash in the bank, is money that is just going to be left sitting idle in the bank account; no debt, and projects that are being de-risked, due to financing options in the works, as yet to be finalised, are viewed as being nothing impressive to see, in the grand scheme of things.
The progress report we received on the GXY/POSCO transaction yesterday, was not a nothing announcement, and alerts us to the fact that management are getting closer to sealing the deals with their chosen ones, and that the news is getting ready to be delivered in a timely manner.
Has it really gone backwards? It all depends on what a holder’s perception of the different opportunities may be, and the strategic plans they have in place, to win at this game in the Galaxy.
There have been many opportunities for traders to make money, in a rinse and repeat process. And there have been many opportunities for the longs to add to their positions at discount prices.
There are several different ways to make money in the Galaxy, and it shouldn’t be reduced down to a debate over who is right, and who is wrong!
This going backwards statement! Could it possibly have anything to do with the 66 million shorting monkeys, clinging on to the backs of some mighty fine company announcements, that the management is fervently trying to shake free of?
It would be interesting to see where the share price could be without this many of them, and the clamps that have been placed on this company, and the sector at large, since the beginning of the year.
We need a set of good bolt cutters to go forward trading wise, and this will be achieved in the passage of time.
Whatever the outcomes that management achieves, it’s been a great opportunity staring many in the faces for a long time now, and it would be a shame if this company is being ignored, or overlooked by retail, because of perceived better opportunities elsewhere.
It’s all in the sentiment and perception I guess!
