Mate, there is nothing wrong with your questioning (that is why we like this GXY forum- open to rigorous assessments), but your timing is delayed by 12 months. My view is that whilst it may be a concern, its definitely a very different ball game now from where we were 12 months back. Every investment comes with an inherent risk and today's delivery and earlier advised pricing along with SDV valuation (in USD) has considerably reduced the risk profe relative to last year. I agree ideally everyone should have got in at 6cents and averaged up to 20 cents, however with the current risk (ensuring we continue to deliver and maybe renegotiate a long term finance hopefully after credit errata), in my opinion the stock is highly discounted (for a company conservativly worth at least 4.5 billion AUD - Mtcat-1.5;SDV-2,JB-500mill and Gold, know how, relationships and intangibles 100mill). So unless the situation is that someon really needs to cover their short (good luck), it is still a great time to buy (off course with a relative risk).
Today is a beautiful day when we hit billion, at least for a day lets just enjoy the moments and say well done, and off course
Pls do it at your own risk and understanding of the value...
GXY Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held