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Drapa

375 Posts.

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29/04/19

19:18

Post #: 38312435
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Originally posted by sensible123: ↑

You are talking overall sector wide resurgence.
For any company to be successful, the board / management need to be switch on, competent and have the courage to implement effective strategy in a timely manner to get the result.
GXY management seems too conservative and slow on execution and got no clue how best to spend the cash in hand to protect its shareholders.
If they haven't got the courage to spend the cash prudently and effectively, someone else will do it for them.

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What would you have them spend the money on? Part of the construction on one of their projects? Then you have an empty bank account, half a project, and a producing asset trying to support everything during a bottom pricing period.
Possibly a better option is to stay alive then buyout asx competition as they struggle to stay afloat during a tough time...

GXY Price at posting: $1.52 Sentiment: Buy Disclosure: Held
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0 Great analysis

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