The old adage, of buy low, sell high, is accurate... and one I should have paid more attention to in the past... buying now is probably a smart move.
GXY is a bargain at present, probably under half fair value, and that is while ignoring JB and SdV's future profitability (which in fairness the market doesn't need to cost in..)
Obviously a lot of investors shaken, which is what the instos desire to accumulate.
I don't expect GXY management to do a share buy-back or anything each time this occurs, but I do think there was a major opportunity lost with the consolidation, it could have actually been used as a positive, by performing a listing at the same time, and felt rushed, just to get Blackrock on board.
AA DYOR / GLTAH.
GXY Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
