?mv karine bulker? expected wed 29th of june, page-13

I have just re-read all GXY posts for 2011 & I agree with you that "I can't believe the tosh that gets written on this board"

My interpretation of "this tosh", however is different to yours. Those who have consistently spruiked GXY presumably with the intent of supporting the share have failed abismally and its those HC nieve investors who have been influenced to buy since the dilution by this "tosh" that I'm sorry for.

Hedge funds & others who short only do so because of percieved weakness & GXY is responsible for its own percieved weakness.

As I have said in a previous post, the GXY Board decided in diluting GXY shares by 100% last Nov when they decided on selling 191 mil shares on the HK float and it is not coincidental that the SP is now and has been since the dilution below the float $1.10. Dilution is death unless there's an indication of a coresponding lift in EPS.

If GXY earnestly believes that its SP has been enhanced or at least not damaged by the dilution then they should sponsor up to date independant broker fundamental valuation & the sooner the better.

I can appreciate the anguish of holders who bought-in over $1.35 because they very well may have to wait until 2012
to break even because shares normally take much longer to rise than fall.

I also believe that your remark is apt, "fundamentals win through in the end",hence why GXY should urgently have an updated broker valuation.Why not email them today and ask for one?

Cheers
Moorookamick

PS: It's unfair to accuse posters of downramping when those
posters have no interest or benefit from share movement; just a genuine interest fair/balanced blog. Have a read of blogs on GXY since January & you'll see what I mean.