"not doing too badly by comparison" - that's certainly cherry-picking figures. Perhaps the fact that the share price has more than halved in the last 52-weeks might explain why it's not down as much today as some of its peers
Nothing wrong with "pip flipping". The market has all types of participants. Just because you're a long-term holder doesn't mean you should deride other participants simply because they have a different strategy for making money.
I never said the new CEO won't do any good. I don't know much about him. GXY is years away from producing any further revenue, if it ever does. It doesn't have the funds in the bank to complete either of its other 2 projects. That's a fact. The company says it has the funds. Can someone enlighten me as to where the funds are, because they certainly aren't on the balance sheet or from earnings from Mt C. It's stuff like this that management spits out that the market doesn't like. They are accruing quite the track record of saying things that don't eventuate.
What me or anyone else on this forum says doesn't make a scrap of difference to the share price. This forum has no influence on an ASX 200 stock.
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