The capital raising is media speclation, IMO. Getting some drama going to sell a paper. GXY has come in on plan and budget from the get go, except the L1 deal came out of left field, but its a good long term play. Everything this company does looks good and its future very bright. My question is why is it's potential not being factored in to the SP ? I believe its because the Australian financial markets are not compfortable with it because it looks like a chinese company. "If u dont understand it, get rid of it" So if thats the case, then it would do well to attract more chinese investors, which a listing on the hong kong exchange would do.
Privately it looks like its SP is being kept low by some manipulating D$%kH$%D setting it up for a takeover. I hope this does not take place.
GXY Price at posting:
15.4¢ Sentiment: Hold Disclosure: Held
