my Email first:
As an active member of Hot Copper and also holding a few hundred thousand shares in GLX may I express my disgust at Derek selling shares at such an ill time.
It at best was very short-sighted and worst a signal to the shareholders that perhaps the drilling is not going so well.
A signal that even he lacks confidence in GLX.
A signal for others to sell.
It takes the wind out of everybody’s confidence in this company and indeed the current languishing share price of around 10c reflects this lack of confidence.
Merrill's answer:
Hello Bruce,
Your email has been forwarded to Derek, whose has personal reasons for selling. He can be contacted directly for further information ([email protected])
Please be assured the company continues to solidly progress our development plan.
Please refer to the ASX announcement released (last friday) entitled Investor presentation July 2008, the next 6 month action plan is on page 10 for details of what you can expect in the coming months ...
We continue to look forward very positively.
Regards
Merrill Gray
Sent via BlackBerry from Telstra
My Response:
So do I Merrill.
It will be a very busy 6 months for all of the targets to be achieved
Merrill's response:
Indeed Bruce ... Its been busy to get to this stage/get everything well underway and we aren't slowing ..
All the best
Regards
Merrill Gray
Sent via BlackBerry from Telstra
DO NOT SELL!!
GLX
gulfx ltd
