I expect another announcement tomorrow or wednesday. GXY management is smart, and they'll strike while the iron is hot. Market is good to go here.
I suspect the only reason we're not seeing an announcement today is we needed a confirmation signal from US markets about the next trend trajectory... by the time we got it, the ASX was closed for the weekend.
People are suggesting merger news will come first - i'm not convinced. I think we'll get an interim announcement about Mt Cattlin in the meantime - payment received, new offtake agreement, infrastructure upgrade, professional appointment... I don't know. But I suspect rolling momentum into the merger deal would be highly desirable.
By the way, still seriously cagey about Deutsche Bank, but it's looking like it'll go into a dead cat bounce pattern before the next kneecapping and/or implosion. I just hope the market is kind, and we get our SdV announcement before DB hits single figures.
GXY Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
