Yes, we have been victims of this whole sector spiraling out of control due to world events and manipulation.... But GXY deserves to be a different beast to the rest of the sector. To not get thrown around with the rest of the prospectors, has been's and never-will-be's our management needs to actually act different and a buy back is the perfect way to start peacocking around and demanding respect from shorters and any potential takeover. Don't just sit back and cop a 13 month hiding.
IMO right now a take over would go through at about $2.60ish but the exact same company with better sentiment a take over would need to be $3.50 - $4. This is not nothing and the directors need to step up or step off. The share holders are in fact a part of the company and a part that needs urgent attention before dominoes continue to fall.
if 1 year ago we recieved an announcement saying that MC just increased it's potential by more than 40% the SP would have gone gangbusters..... Apparently the market doesn't take JB or SDV into account and yet 40% now = FA.
our issue isn't a lack of good announcements or LT plans. Our issue is sentiment and the directors couldn't care less and that is a huge and dangerous failure and someone should at least lose their job for the hundreds of millions of lost dollars
GXY Price at posting:
$1.98 Sentiment: Buy Disclosure: Held