It is just ridiculous how GXY is being singled out today. Why is...

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Wary1

2,465 Posts.

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20/06/19

12:38

Post #: 39152255
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Originally posted by regal: ↑

That is the short sellers tactic, to get you frustrated and sell below cost. Keep a pocket full of cash. Know that the company you own will be needed in coming months/ years. The number of shares you have should benefit in future years. Keep the spare cash and enjoy life. Other miners will go out of business first. Each time that happens, this one will be needed and valued more. EV Charges are being installed around the world. There's no going back.
Ausbil have 9% that is needed to close the short positions. Shorts have to pay interest for next 100 years. NYlife know shorting inside out, they were there when Wall street began. They paid twice the current SP.
The whole company SP value is less than the paddock the company sold. You bought shares off short sellers at a discount. Let them worried how to get it back. Go shopping and laugh in their face. Know your portfolio will be returned at a much higher value in future.
When you worry and sell, they win. When you laugh at the number on the screen, they have to worry.
Not taking a cheap deal was the best option. If the company had signed, the short sellers behind the deal would continue. This way they get nothing and company real value remain the same. All they can do is sell shares cheaper, to change the SP. The more shares they sell cheap, the worst it is for them to get back.
Stay within your means and don't stretch.

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It is just ridiculous how GXY is being singled out today. Why is AJM up more than 14% today?

GXY Price at posting: $1.32 Sentiment: Buy Disclosure: Held
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