The shorts are making cash for a variety of reasons but it's interesting that you note the company has a war chest of cash.
Yes, they do. A pile of cash, no debts, an operating mine and two on the way - one of which (SDV) will make Mt Cattlin look like a flea by comparison.
From what I have read about GXY's projects and the future of the market, GXY will be a long-term winner for investors. In the mean time, the company's complete lack of interest in keeping people informed, defending the SP, actively promoting good news, is profoundly frustrating and - combined with global conditions, uncertainty, a couple of soft quarterlies in a row, enable the shorts to cause mayhem. Where are we now? 16% short?
Eventually GXY will break out of the basement but it will take a while.
GXY Price at posting:
$2.04 Sentiment: Buy Disclosure: Held
