Yep. The interesting thing is that mica constent and recovery...

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number61

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25/01/18

08:04

Post #: 30552046
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Originally posted by garden ↑

Hi Yanlin,
This Quarterly Report I don't know what so good about it, There is only one producing mine and that is Mt Cattlin. Regarding James Bay and SDV that may take many years be for they start producing. The way I see GXY it will be worth only $2.50 by April because the financial year ends on 30Th June there will be a lot of selling between now and 30 Th June. I have lost faith in this stock, that is why I sold out when the stock was $4.16 and I am happy with the profit I made. If the Quarterly report was all that great then why is the stock going down in value. Many people say that they are long term, but that long term may be zero dollars in the end. I know that many people wished that they sold GXY when it was $5.50. There are about 3 Miners that will be producing in the next 3 months and I think there is better value in in PLS Taw and AJM and I hold all those three stocks. In the next 6 Months I cannot see this stock improving in very much, if this stock is worth 3.20 in mid July then you will be called Mr: Lucky, trust me I know what I am talking about. That said I wish all GXY shareholders the best of luck. I will get back into this stock when at some time at $ 3.00 or may be a bit lower. Good luck to current holders.

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Yep. The interesting thing is that mica constent and recovery rates are not improving (or are getting worse). Also take away the funds from share issues and the cash position ain’t great. Production costs still too high.

Last edited by number61: 25/01/18

GXY Price at posting: $3.52 Sentiment: Sell Disclosure: Not Held
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