Finally I'm on Deano's page. This can only be wound up so far...
How do we get squeezed? The only way shorters can ultimately beat holders is if the company goes bust and I'm thinking there are probably better bets to be had...
The market is not acting rationally now in relation to valuation. It will not react rationally to making a shipment, high contract prices and $$ in the bank in December.
The only variable (which I overlooked earlier) is the probability that we actually ship/get paid well before Christmas. If that doesn't happen then I agree and re-rate will be next year. Shipment needs to be on Santa's rally radar.
Surely we'll get an SDV update before the end of the year too. Might bump the price a little if broader sentiment on producers and the oversupply question changes. 2-3 months is conceivably enough time for this, although it doesn't seem to be an issue for KDR and some other explorers/juniors!
GXY Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
This can only be wound up so far...
