My comment isn't based on my belief that the price will continue to drop. My comment is based on the latest, most accurate figures provided by GXY management (Q4 2019 results), which are lower than what you have quoted. Averages are just that, averages. Why stop at the 12 month average, why not average out prices over the last 2-3 years if that helps paint an even rosier picture.
You have the numbers available to you which show you exactly where GXY currently stands. Choosing not to use those figures and highlighting a yearly average is a misrepresentation of the truth. And again, the sale of the spod on hand covers the loss only once it's sold. Has that happened? Can you tell us what price it will receive?
GXY Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
