What we really should be campaigning for is a share buyback. It's a no-brainer when the SP is below $2 and we have more than A$400M currently in the bank.
Even A$25M or 10 million shares at an average buy price of $2.50, would be enough to send a message to the shorts.
Alas, management are not doing anything.
Are they happy to keep the SP low so that any new options issued will have a lower hurdle? Shareholders should vote down any proposed management options if this is the case.
GXY Price at posting:
$1.85 Sentiment: Buy Disclosure: Held