Since the SP seems to always predict announcements, is it possible that the company is now contemplating the IPO on the HK exchange that was scrapped? Clearly, something is going on that we don't know about, so that's one possibility.
Another is the granting of a permit for the rare earths site. Or is this all just riding on the back of the imminent commissioning of the plant? Big surge in volume, plus no roadblocks thrown up make me suspicious.
We should see it top the $1.00 mark tomorrow if Europe doesn't implode. GXY is already going to be profitable, Mick. Few companies would start production with contracts in place to take all the product. Maybe the market finally just woke up?
I'm in long and will stay here. I see no downside to this share from here as long as they don't do anything reckless in terms of cap raising.
ST
GXY Price at posting:
32.6¢ Sentiment: Buy Disclosure: Held
