In my opinion all small cap stocks like GXY and LYC and ... and ... .... are gambling stocks - on some you win on others you loose.
With respect to GXY: bought at around 55c and topped up at the CR after having had a look at their website with all the nice pictures and explanations and and and .... and taking into account the expanding (albeit slowly) momentum for greener options I said to myself: Can't be much of a looser - an operating RE factory, a very good prospect in Sal de Vida, a processing plant at Mt. Cattlin, and some RE deposits at James Bay (which I do not take seriously).
Assuming the assets are real - and there is no indication that they are not - then one has to ask the question: Why again another TH? (recall the long one last year, 5 months or so)
Well, as it turns out now this company is in serious SP troubles (perceived?, real?, don't really know). All I know is that I feel a bit uneasy having Mr. Tse, with his heavy investment/entertainment/media background (as per corp. website), as the MD of this essentially a mining and mineral processing/value-adding company. IMHO the board is somewhat biased towards investment/banking (4:1 !!!) indicating to me that there are highly speculative forces behind it.
So, this is my current analysis:
1) GXY, for me, is a paper-$ looser as it stands now
2) GXYO is of no practical use right now and I am doubtful whether it will be possible to make it work for me without loosing more money - BUT one never knows...
3) Selling at the 1st opportunity will realize an actual-$ loss - since my actual-$ loss will be just below 5 digits I shall ignore it and keep GXY
4) Because of item 3) above I shall have to by pizza's now on Tuesday's only as a loss-compensation measure.
Finally, GXY is risky abut keep in mind: The greatest risk is not taking one.
- Forums
- ASX - By Stock
- GXY
- ann: voluntary suspension extension
ann: voluntary suspension extension, page-12
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online