Ann: Project Approval and Business Licence Receiv, page-29

re: Ann: Project Approval and Business Licenc... stringtickler,
Thanks.
Yes I am, but my estimate will probably be closer to 80c than 60c-----assuming of course that I am right in the first place.
My formula is 76/181 x $2.20 (+ or - 20%) for market factors or 92.37c (+ or - 20%).(97c was recently hit intraday).
If the market is very strong,then up to $1.10.
If the market is fairly neutral,then around 90c to 93c.
I'm expecting a slightly negative market,so 74c to 80c.
My time frame is within 30 days AFTER the 31 M shares have ACTUALLY been added to issued capital by GXY(ie issued capital of 181 M shares)-- currently expected in early May 2010 ( GXY has today announced that they expect to receive payment for those shares in early April 2010).
That is the basis for my current SP prediction.
It is a similar basis to that which I used when the SP was around $2.00-$2.20 and it has served me well to now.

For the purposes of your own investments,please do not assume that I am correct---I cannot guarantee that at all.
An entry price of $1.00 to $1.20 can still get an excellent 12 months gain.
Even holding at today's closing price of $1.27 will get a great return on Capital within 12 months.

Time will now determine the accuracy or inaccuracy of that analysis.

Cheers