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This is a bit optimistic but I agree, it should be something...

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26/05/17

17:09

Post #: 24937227
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Originally posted by graywolf ↑

GXY at $3.50 at the end of the calendar year? That's 70 cents pre-consolidation and what GXY was in January this year ($3.48 to be precise). If GXY can't do better than increasing its SP over the 2016 year, then everyone, and especially long-term holders should sell right now. I'm looking at $3.50 by the end of June (or mid-August given the end of tax year sell-off ASX usually experiences), and at least $5 by the end of the year (which is where I reckon GXY would have been but for all this necessary corporate re-positioning). Not ramping, just analysing the charts, and the fundamentals. It's clear that the SP retracement from January to early May was due to a combination of corporate factors (e.g. CR, then consolidation), which the shorters took in their teeth and turned into a slippery dip, and had nothing to do with the underlying business proposition of GXY, and it's ability to grow and produce a profit. If GXY can more than double in value in 3 months (which it did between Nov16 and Jan17), it can do it again now.

Have a great weekend all.

GW

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This is a bit optimistic but I agree, it should be something close to this.

GXY Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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