Why the drop?, page-6

I think a couple of the reasons for the drop are.

1. Possible interest rate rise soon in the US therefore making our dollar go down, I'm not sure how many products GXL import but could be contributing.

2. NVL reported strong growth today, this is direct competition to GXL. They are past GXL employees that have basically taken Greencrosses business plan and started their own company.

3. Ex dividend.

But in reality I think it's going down because it's a a small downtrend nothing more nothing less. The above points really have to significant impacted on GXL.

IMO it's a great entry point and will recovery to $7 shortly.