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clock Created with Sketch. 10/12/19
23:11
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Originally posted by BT6487:
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If you don't think A40 is relevant then you either work for Credit Suisse or just need to wake up, not only will GXY lose their $40m equity, they've also lost out on the asset with Mount Cattlin LOM dwindling down and SDV years away from production. When the A40 DOCA announcement lands, and the Chinese take all our investment, coupled with Credit Suisse's renowned behaviour, then the GXY SP will get slammed. I hope I'm wrong, because I never like to see SHs lose, I'm stinging from my lost A40 investment and I don't view GXY as the bad guy in light of recent events, but I'm also trying to be realistic. I think something bigger is at play, and GXY is being manipulated by bigger players, in much the same way A40 was. Yes Mark Calderwood didn't help himself, but you don't think a Chinese offtaker defaulting on shipments so another Chinese entity can buy the asset on the cheap is all a coincidence do you?? Similar state of affairs to Bellamy's Formula Milk TO. Come to think of it, you don't work for Credit Suisse do you??
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What @dolphinwrestler said, plus US$170M in the bank.
