Thanks
@Wary 1 .
There is no-better-day to ask questions, than the day our SP just hit a multi-year low. Nobody should be beyond question and the buck-stops with our Directors. Fundamentally we're well poised & frankly bullet proof, yet we've underperformed our peers..by quite some margin..ORE, PLS & AJM are our closest peers and they're all substantially up-above their yearly lows. It's the responsibility of our B.O.D. to protect shareholder-value and despite many of our protests last-year NONE of us received an answer as to why our paid inside-consultant (major shareholder privvy to sensitive/inside information) J.P. Morgan has been getting-away with renting out their GXY shares to the biggest parasite short-seller Morgan Stanley :/
I've heard that GXY Directors are barred from purchasing shares until money from the POSCO transaction hits our bank account..I certainly haven't seen any Change of Director's Interest notices in this period where our GXY shares are being sold way-below fair value..and again our questions went unanswered.
In my opinion a Royal Commission should be launched/extended to cover manipulation of our markets by foreign banks/entities especially..Unless we push for transparency the parasites will continue to get-away with their dirty deeds.
I also agree with
@bilulu that an announcement of a Share Buy Back would help our plight..We deserve a higher/fairer SP and the scoreboard does NOT currently reflect fair value..Note I am buying, including today at $2 BECAUSE it is below fair value. I know I will sell for much higher later..Not everyone has spare funds right now and I hear you
@yanlin also glad-to-know it wasn't you I purchased from today
I can certainly vouch for
@Wary 1 he is correct we have heavy-hitters preparing to step-in and fight for levelling playing field and the intentions of
@Wary 1 are good & honest. He is very much on-our-side and we shouldn't have to wait for a low-ball takeover offer to create the rebound in our stock-price back towards fair value..
I see two solutions our B.O.D. can assist us with..as part owners of this great debt-free forward looking company :
1) Demand that J.P. Morgan repatriate their GXY shares from the short-seller Morgan Stanley and cease renting-them-out for fees ongoing. I also question JP Morgan's role in the delay of SDV partner/decision..At the very least there's been an obvious 'Conflict of Interest'.
2) The easiest step of announcing a Share Buy Back intention. Note this fellow Galaxians: our company is not legally-bound to act on share buy-backs once announced..if circumstances change they can choose to hold-off indefinitely. An announcement provides the flexibility to proceed..or not to transact..At the very least it sends out a message to those with a large open short-position..and the fear tables are turned..Instead of making some of our retail-shareholders scared, it'll be the shorters who have to change their underwear..I make no criticism of my fellow retail-shareholders here. I have no children to support & it's well known I've been expecting the shorters to deliver on their-promise of $2 or below..That simply proves the sell-off has been rigged by them..and exemplifies their arrogance & disregard for us and our expectation of a free & fair market. ASIC & ASX have been asleep at the wheel..and our Directors owe us some appreciation for sticking-around.
We are waiting and deserving their action in stepping-up to the plate & hitting back. In the meantime I'm buying at these stupidly low prices..holding my nose & buying. Best Regards to the longs
