Sorry, but I don't think you're right. My reading of the situation is this. Yes, it's good SP is holding above 0.40 (anything below would be a dire signal indeed). But IMHO there's no way GXY will 'fly' today or any day until the AGM is held and the two key matters of (1) consolidation and (2) directors/executive remuneration/bonuses are resolved on 18May. I fully expect that GXY will muddle along in the low 40 cents bracket until then, with 0.45 an absolute max (love to be proved wrong as I am holding a parcel at 0.52). Today's little streak of green may well be a collateral result of the TAW news (see other thread).
Cheers, and have a good weekend all, GW.
GXY Price at posting:
42.3¢ Sentiment: Buy Disclosure: Held