something doesn't add up, page-3

Well said, treefeed.
A lot of gold stocks have cap raisings for phantom works on their tenements.
Spend a tad on works, but keep a lot for a good lifestyle for directors.
There are a lot of important people in GXY who may be getting rewarded for their efforts.
There are factors such as cost blowouts on projects [seems to be rife these days to be 2 or 3 times original cost.]
Inflation is high in China at moment.
I am not thrilled that we were not given a look at $1.10 Cap raise, but once factory is producing, we should be a chance of dividends in 18 months & SP perhaps $3 in 12 months.
At this stage, I am hanging in for a year or 2.