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I hear what you’re saying and it’s right. I just don’t want to...

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Torqueconverter

2,406 Posts.

65

24/02/19

21:06

Post #: 37548849
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Originally posted by FrantzFanon ↑

Originally posted by Torqueconverter
Could it just be to announce the deal is done and the money is in our account?
Exactly what everyone expected.
If so, I believe that’s already factored into the share price.
I hope there is more in this announcement then that.
Other wise it will be another share price drop following good news.
Which usually happens with this company.
I hope I’m wrong.
Not everyone believed the deal was done, there has been a lot of chatter generating FUD.

And the arrival of the cash isn't simply the final conformation of the sale to POSCO. It marks a dramatic improvement in GXY's cash position and opens a few doors.

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I hear what you’re saying and it’s right.
I just don’t want to be swept away with it all thinking this time it’s different.

GXY Price at posting: $2.12 Sentiment: Buy Disclosure: Held
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