Ann: Project Approval and Business Licence Receiv, page-19

re: Ann: Project Approval and Business Licenc... grandcaruso,
I did not mention or suggest GXY as a takeover target,and hope it's not,just as you.
I was only confirming your 12 month's price target of $2.00+ with which I totally agree.
In fact,if GXY can fulfil their own profit forecast of around $50M per annum after finance costs,then the share price could go even higher.
Depending on the PE Ratio you use,the SP could go much higher in 12 month's time.
Still waiting for the successful capital raising of CRHL and the subsequent issue of 31M more GXY shares at 88c.
When then is successfully completed,GXY will be a 'conviction buy' on probably all shareholders lists,including mine.
Still a minor obstacle to overcome and hoping the market treats it favourably.
Having said this,GXY is still a great investment for long term players and players for a time frame of 1 yr+.
I am just waiting for the final 'dilution' of shares which should occur within the next 2 months.
Good Luck to all.
Cheers.
thelynxx