Correct. We have all this cash and a producing asset. But the market is currently saying, we actually predict management to lose value on all current assets, including the cash. Rather than make something bigger from them. It's honestly bordering insanity but it really does show you much sentiment plays in a stock on the ASX. It is a casino out here and fundamentals can go out the window quickly if management are continually failing.
GXY Price at posting:
$1.23 Sentiment: Buy Disclosure: Held