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Do you think either option will include retail?

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Facthunter

11,492 Posts.

815

09/05/17

12:56

Post #: 24568206
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Originally posted by Sukurio ↑

At the moment it simply means that a wealthy group wants to buy a substantial amount of GXY shares.

What they want them for is to make money. There would be two simple ways to make money this way:
1) Buy lots of the company and torpedo it to make other rival interests more money.
2) Buy lots of the company and invest in it to grow in value.

Of course, because Blackrock Group has such a mass of resources they have the ability to go either way and many ways in between.

For me, I think there is comparatively not far to fall (AU$800M) but a long way to grow. so you can probably guess where I think this is headed. I welcome the news and interpret it as positive.

GLTA

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Do you think either option will include retail?

GXY Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
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