Banter and General Comments, page-7482

First 7482 Last

Share
Profile

Follow
sensible123

495 Posts.

60

29/06/19

13:38

Post #: 39300944
Share

Originally posted by sensible123: ↑

GXY is the worst performing stock in ASX200.
The worst performing stock haven't got $300 m in debt but more than $300 m cash in the bank collecting dust
The fundamental hasn't change for the company -
1) After big misstep, crown jewel SDV is in limbo atm but will proceed the big way within 6 months with or without a partners.
2) James Bay waiting for environmental approval possibly 12 months away
3) MC - still in production and making margin at current price; YOP up and running, production and quality improvement on the card
4) 12% strategic stake in LPD and A40 as long term play with no cash burn.

So why went wrong with GXY, I think is called
MISMANAGEMENT and POOR JUDGEMENT of those in charge, the $ is in the bank collecting dust, no clear strategy, no actions or initiatives implemented to increase or protect shareholders value. (Shares buyback was mentioned many times but NO ACTION , won't earn the worst ASX if buy back was in placed)

Our peer, PLS couple hundreds of million in debt at 10% interest rate performed better than GXY --- GO FIGURE.

Expand

How ironic that the worst performing ASX 200 stock got more than $300 m in the bank.
Reflect badly on the BOD mismanagement and judgement.
Hope the new captain can steer this ship around quickly, has been rudderless for a while.

GXY Price at posting: $1.23 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

STX

Strike Energy secures $153 million for Perth Basin gas projects

FHE

Frontier Energy achieves key milestone for Waroona energy project

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

BRX

Belararox delineates another porphyry in Argentina at Tambo South

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

EMD

Emyria's Empax Centre chosen for mental health clinical trial