Ann: Change of Director's Interest Notice - JT, page-15

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trentwilliam

263 Posts.

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18/06/19

20:52

Post #: 39120931
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Originally posted by asb83: ↑

JT bought 30k shares at $1.65 back on 23/4/2019, so it looks like he's averaging down

In fairness, JT bought 25k shares at $1.69 after it capitulated back in June 2017 before the big run up to $4.50. JZ, AT and MR all bought parcels in the $1.60s in that same month. I think the lowest it got to back then was $1.50s. Insiders generally have a good idea of market dynamics and where it's heading.

The stuff most companies put in announcements and presentations is generally fluff that satisfies what its holders want to hear, so I'm generally sceptical of them, in particular stocks that have a large retail following. If I see a few more insiders picking up shares, I'm more inclined to take notice of that as they are putting their money on the line, even if it's small amounts in the scheme of things. It's easy to talk the talk, but pulling out the wallet to back it up is another.

I think it's safe to say there won't be a JV announcement for SDV anytime soon. The valuation of SDV has plummeted and no partner is going to come close to valuing it near what GXY management thinks it's worth. GXY management will have to eat humble pie if they are to accept a JV at this point in time, IMO. A JV at the moment wouldn't make a scrap of difference to the share price and, if anything, would only confirm how devalued SDV has become over the last 12 months, IMO.

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Yep! Signing a long term JV at bottom of a stupidly low slump would be idiotic for a company with enough cash on hand to weather the storm..
This sucks and this company seems like a lemon but it's bounced from around here to $4+ before so I'm banking on it coming back to at least a sensible SP... Say $3ish

GXY Price at posting: $1.37 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Change of Director's Interest Notice - JT, page-15

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