Banter and General Comments, page-2216

Unfortunately disappointing an entirely new exchange of shareholders is not going to help GXY. The company has clearly lost control of is SP and all the talk of shorters here is overdone but as the 2nd most shorted company on the ASX, people must ask why? Why do people automatically revert to shorting GXY in a weak market (when really is a pretty great company)?

The simple reason; The company has not done enough to assure the market and give people a reason to buy.

I think using the cash of the POSCO sale for 100% development purposes was a huge mistake and the main reason I reduced my holding. The market doesn't reward dead cash and it doesn't fully discount on the basis of well structure debt for a company with good revenue.

IMO they should part finance whatever is required for the JV and do a $100m - $150m AUD buyback. That would allow part script part cash offers for any acquisitions going forward.