IMHO it is due to market perception that GXY hasn't got "gun" management team.
The SDV negotiation / deal -simply take way too long.
A complete blackout of YOP progress/ updates MC doesn't help the situation.
No shipping news / update / progress from MC doesn't help the situation.
Why are they so quiet, what happen to the road shows they use to do.
This is no good, things need to improve.
You can't just relying on strong balance sheet, things need to happen and progress for market to appreciate the company value.
Look at Karoon Gas - $650 m to 700 m cash in the bank (sale of Browse Asset to ORG) 3 years ago and share price of $5.00 per share, now $200 m to $300 m cash in the bank, share price $1.00 - no progress achieved in any fronts and the SP got punish for the last 3 years and no sign of turning around with the same tire management in charge.
IMHO it is due to market perception that GXY hasn't got "gun"...
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