I got that feeling 18 months ago.

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FlashFish

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15/06/19

23:38

Post #: 39077859
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I got that feeling 18 months ago.

Originally posted by Moneymaker1979: ↑

So I rang investor relations today and raised a number of points and wanted some clarity around the following

1) The share price is a disgrace
2) No communication to shareholders
3) Why are letting the shorts absolutely destroy the SP
4) How confident were they in relation to the business and future outlook

I received the following response.
They acknowledged the SP has been pounded, further annoucements will be made next quarter. They said that the business is progressioning well, and they are very happy and confident with the future outlook, they are focused on developing infrastructure and devoping their mines which will deliver shareholder value in due course, they are only going to make material announcements while they focus on delivering outcomes- the noise will dispitate and the shorters wll not be able to keep this up, the shorts are reducing at a rapid pace. AGM confirmed discussions with Tesla, however no final outcome at this stage.

I got the impression is that there is a disconnect between the SP and the how the business is progressing, perhaps the SP is lagging the company. I get the feeling that this is the last hooray for the shorters and we are entering into phase that will be a lot kinder to shareholders.

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GXY Price at posting: $1.46 Sentiment: Buy Disclosure: Held
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I got that feeling 18 months ago.

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