I doubt it. They have already shown their weakness as a BOD by being deliberately vague in their Q2 Report. They should have firmly grasped the nettle and explained every aspect of their performance with a strong focus on their plans for improvement. They did not so we are left wondering what they were trying to hide. The market does not like it so they are being rewarded with steady downward pressure on the SP. This will not be released until the Q3 Report so I expect a steady SP decline until then towards my price target of A$2.00.
Got my saddle on top of GXY and riding it down to A$2.00 where it belongs.
Please DYOR
GXY
Price at posting:
$2.88 Sentiment: Sell Disclosure: Held
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