There are no new nasty revelations in the report that will cause short term negative sentiment and impact the share price per se. In fact, the report clearly demonstrate the reasons why we were in the trough for 2019 and most of 2020, it is clear that by moderating the production in 2019 /2020 was the prudent step taken in lieu of full shutdown, it is debatable which one is more cost effective. IMO the cost difference is fairly marginal, but the moderating option gives GXY more flexibility for ramping up (as happening now) and at the same time maintain good customers relation.
GXY Price at posting:
$2.68 Sentiment: Buy Disclosure: Held
