gxy speculation, page-2

As you say a takeover is unlikely because of the wording of the announcement.

As Abacus noted there was very positive trading activity before the trading halt was called - the largest volume of shares turned over in 12 months and a the share price rose more than 10%.

This leak would have caught the company on the hop and hence the trading halt has turned into suspension. The announcement says a "trading halt is requested due to the company making an announcement relating to Mt Cattlin project update and future financing arrangements."

Accordingly I vote for a resource upgrade / big player or strategic investor getting on board. If it is a capital raise then they will have some good news so we want to give them money.

I am pretty relaxed about GXY and will look forward to the announcement.