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Let's see what their announcement brings.

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8,739 Posts.

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14/08/19

07:27

Post #: 39983479
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Originally posted by sensible123 ↑

Just hypothetically, the money GXY invested in A40 were used for the shares buyback - say Shares buy back scheme of "upto"10% (open ended and option to terminate any time if required) of total shares issued over 9 to 12 months duration.
GXY share price would probably be around at least $2.00 or better per share, and possibly into 30 milllions shares bought by now (with most of the shorters out of the picture) and shares register reduced to around 380 millions shares outstanding.
What a ripper outcome !! compare to the predicament we are in now.
The approximate cost of buyback would be around $45 m by now, far outweight the MC of $320m protected and reduced the shares on issued, therefore increase overall value in the future.

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Let's see what their announcement brings.

GXY Price at posting: $1.22 Sentiment: Sell Disclosure: Held
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