I think we might see a bit of afternoon buying today remembering that one of our Li brethren (ORE) will recommence trading tomorrow - and is poised for a dramatic opening. GXY has fallen 13.5% from its high on 16/1 - the day ORE went in to a trading halt. I'm thinking that whatever funds for the required re-balancing has already been sourced from selling the likes of PLS, GXY etc.
We are due for a sympathy bounce tomorrow..... and I reckon it will start today.
Just my 2 cents worth....
GXY Price at posting:
$3.91 Sentiment: None Disclosure: Held