Is all good if the management can deliver on time and on budget as planned and also effective communication. (basic management 101) Apart from few surprise upside, the delivery side has been poor and combined with dismay communication, (one of the reasons the stock has been infested with opportunist shorters making quick bucks at the expense of LT holders. Poor delivery -- Jiangsu Converter Plant delay after delay and never achieve nameplate production capacity and sold off,-- Mt Caitlin start up from existing mothballed plant took a long time, delay and overbudget and at the end need to engage specialised contractor Primero at premium cost to finish off after persisting with incompetent in house team for long time, -- MC YOP programme has been delayed not once, twice but 3 times and still not running, -- Multiple positive announcements that supposed to come at the end of 2018 didn't eventuate, the late 11th hour announcement on the last day 2018 didn't go too well with many and the SP was smashed (can't they just inform the market earlier that more time is needed because of X,Y,Z, this is a major communication failure. Now we are in March - not a word on the progress - URGENT update OVERDUE. The capital gain tax issued was overlooked and not explain properly how it can be reduced. The management need to pull their socks up and DELIVER and gain confident after that many shortcomings/ failings.
GXY Price at posting:
$2.04 Sentiment: Buy Disclosure: Held
