GXY has been in a halt for so long that there is a complete lack of information available as to how the market will treat it when it the suspension is lifted.
Come 31 July 2013 it will have been over three months and who knows what the sentiment will be at that point.
Will my 8c shares, assuming I participate, be in the red or green? They will only bring my average down to 33c so I anticipate still being severely in the red overall.
The complete lack of information from GXY about production ramp up, etc. is not helping with this decision and while there is the saying 'it is only money' there comes a point in time where you have flushed enough of it away.
I think my decision will be made at the eleventh hour and I hope something of use emerges to assist.
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held
