The management possibly took the view that GXY is now a full blown profitable producer and it will have no problem to secure conventional overdraft facility (if required) from March 2017 or they have managed to secure some form of favorable financial arrangement for its 2017 off take deal with Mitsubishi that we are not privy to.
In any case, the spinnaker is set for GXY and we are not too worry whether it is a sunshine or overcast day as long as the wind is blowing, all minor hiccups will take care of itself and the boat will keep cruising to its destination.
GXY Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held