Good move Huninni.. one of the reason GXY going down is because shorters think that management will have difficulties finding a JV/offtake partner for SDV at terms favourable to GXY and they will have to do an equity raise at a discount to current SP. Also you can’t blame shorters for this as management said they will do JV by end of Dec 2018 and its now more than 2 months since this self imposed deadline. Clearly market is not happy with management coming out with an excuse that “its taking long to do a JV because we want deal on our terms as its a worldclass asset”
GXY Price at posting:
$2.09 Sentiment: Sell Disclosure: Not Held
