Yes VR. Patience is a virtue and a key trait of many a profitable investor. Like the Caitlin closure we had people jumping and predicting doom, but with time things blew over. With time on ones side its like shopping, one can pick bargain trades at one’s leisure. Sometimes, the more time available the better the deal/value.
Some will be lapping up the weak price. I am topping up. Dollar cost averaging. With so much focus on Jiangsu we forget the world class brine project and the technical expertise now assembled. Will also be good for a spike. 6-8 weeks is a chance to implement better safety, and fix any weaknesses identified in the recent audits, and investigations.
Why initially did they say 3 weeks? Probably lack of info early on, head office is half way round the globe and Iggy went over to help investigate. $66m cash injection also looks to be going ahead but just delayed. Good news. Still has significant backers.
GXY Price at posting:
13.7¢ Sentiment: Hold Disclosure: Held
