Sorry guys but I gotta play devils advocate. Can I ask - why do people think this is going to skyrocket just because of the merge? With the merge also comes major share dilution. Seems a catch 22 to me.
I mean, I can see a temporary spike occurring off the back of the news, but we've long been in a symbiotic relationship with GMM, and the market knows this well... i'm not sure the merge alone will equate to higher SP values? Sure, it will clean up admin/mgmt side of things, but i'm not sure it's adding any value to the company that hasn't already been factored into the current trading prices?
I'm a long holder here, but I personally don't think we're not going to reach, sustain, hold a higher trading range until we're gifted a progress update on SdV.
GXY Price at posting:
50.3¢ Sentiment: Hold Disclosure: Held
