Originally posted by igorot72
This exactly my view as retail investor. the bigger players are the ones we need to come, BUT why aren't a lot fund managers taking risk on GXY as it is so clear as crystal that it has great fundamentals, earning, no debts. what are they waiting to happen?
I'd say that they have to decide what to do with SDV, an announcement could be a catalyst. In the meantime, Mt Cattlin has never ever achieved high recoveries... if they can demonstrate sustainable recovery rates north of 70%, that would be a catalyst. Of course, improving global sentiment to the sector would also help, as would an increase in SC6 prices. The first two catalysts are a case of waiting to see some evidence, so I don't know why it is so heavily traded in between... liquidity often begets liquidity though and looking at the broker market-shares, this is a favourite stock of retail day traders in both directions.