Hotcopper is inundated with shorter agenda's today - Why? A reduction in cash margin and the world is ending? Common guys, they made cash, they have cash, they have no debt, they are earning interest on the 280m USD (does that sound uncertain??) , the realized sale price is better than the china domestic prices, they are targeting higher volume, optimization is complete.
So at todays prices we are exactly 50% cash backed in an indemand industry making profits when the prices are deemed to be the lowest in the cycle... interesting to think this is a bad stock...
If only the long investors had such short timelines and data to support pure short-term trading, they would be more vocal on the positive spin.
But sadly shorting is one-sided whose agenda is purely short-term falls...
Wouldnt suprise me if this closes up today
GXY Price at posting:
$2.17 Sentiment: Buy Disclosure: Held
