Fair statement. However, the shareprice has trended down since the last impairment of Mt. Cattlin. Based on the hinting of another impairment and forecast of less sales volume in 2020 I can see this going lower. Guess we will see what the report says end Feb. Would ideally like to pick some up in the 50-90c area as interestingly this company tends to have its market cap sit around its equity value, which would be around that area if the impairment is significant. My loss if I miss out on a rally from here but I think we will head lower before a bull market occurs. Good luck to anyone holding!
GXY Price at posting:
$1.10 Sentiment: None Disclosure: Not Held
