You guys are in delusion land. Where do you guys honestly believe the share price deserves to be? They are making pip-squeak profit at Mt C and the cash in the bank is quickly dwindling away being spent on silly things like buying the debt of another company, buying into other companies at inflated prices and then you have them pumping truckloads into an asset that has an uncertain future at best. It's trading on a monster PE valuation for a company that has tier 3 assets or tier 2 if you want to be generous.
Regardless of who owned or owns the shares, the share price would still be where it is today. You're making excuses and it's simply not stacking up or passing the sniff test.
Remind me how much they have to ship in the current quarter just to hit the lower end of contracted annual volumes. Once it's made public that what they said a month or so ago about having a blockbuster last half of 2019 with regards to shipping not actually coming to fruition, this is going to nosedive faster than a faulty Boeing Max
GXY Price at posting:
93.5¢ Sentiment: None Disclosure: Not Held
