Thanks Mick for the excellent thumbnail sketch of GXY ie how it will reward its loyal and longsuffering shareholders. Hope it goes according to plan! Sandfire was 'sposed to be a short-term trade (still hoping, have averaged down once, entry price now 7.35); with Indochine, sentiment re gold has knocked it below 10c...I think I'll hang in at .12 because of the bonanza gold grades and substantial shareholders like Blackrock on the register.
Happy Easter.
PS. I'm betting GXY will pull up between here and .265 - that was its lowest in the GFC, just over 4 years ago, March '09. So that is now a kind of support. Also I notice the buyers are now outnumbering the sellers in the 'Depth' queue; they also want to buy more shares than are being offered. Good-O!
GXY Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
