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59

01/03/19

11:35

Post #: 37618461
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Originally posted by Metalduster ↑

BlackElk
Just My thoughts.

Never fall in love with Management of any Company and never feel sorry for them. They get paid too much to feel affected by anything. lol

A lot of the positive and negative posts, GXY, in this case imo have originated from Managements words or lack of.

Everything is scrutinised coming from any Management in these times, thanks to the Internet.

Does misinformation come from Management at times to appease Shareholders. Of course it does.
Does a lack of information or information that can be misconstrued come from Management at times. Of course it does for one reason or another
Does information that is ambiguous come from Management. Of course it does.
The Company disclaimer allows it as was pointed out to me the other day by a poster on here.
This is across the whole ASX.

A classic example for GXY I believe, was the comment coming from A.T. about a "Special Dividend" being allocated from the Posco Money when he was asked by a Shareholder at a Presentation.

He gave an answer that could be misconstrued or was ambiguos or was misinformation.....all in one answer to appease shareholders. lol

SDV needs 500/550m plus to get up and running. GXY knew that 195m was coming from the Posco deal.
Giving a special divi would be fruitless and rediculous, which I posted at the time but did A.T. put a lid on the idea. No.
Anyone can see how it was never an option. imo
Then we had months of posts talking about Special Divis and Share buybacks, all positive posts but bullsh#t. imo

Now we have one month in the Qtr with no shipments from M.C.with Management stating that Production would still be 40/45 M tons.

Maybe but Stockpiling or trouble with Buyers, Demand, what? The qtr goes and we have to wait 3/4 weeks into April to find out whats happening if no shipments are made in March. Just one shipment would do. imo

The last two Qtrs have been the same, we find out about problems when the horse has bolted.

Like I said these are the Days of the internet and Management cant hide from the Shareholders.

You mention the T/H. If GXY abide by the ASX rules then a T/H would be required. The cat was out of the bag re the Posco Funds being released. imo

There seems to be some cloak and dagger stuff going on with GXY at times? but does that stop GXY from holding presentations and adding fuel to the fire also at times. No...........Dont make feel good presos to appease anyone then.

Ah and remember the Tea ceremony twitter. Fair dinkum. Thank goodness that has come and gone as an avenue to talk about GXY. Although I dont read twitter, I'm assuming no more comments from the M.D. on there ?..

Do I get pissed off with posts on here, also. Yes I do and they are usually some of the positive posts. See the pump and dump yesterday.
The negative posts are like the extreme positive ones .............. Crap.

GXY gets played both ways.

Thats the Sharemarket and HotCopper.

Management have to find the fine line when it comes to releasing information for Shareholders. Just get it right the first time. imo

Then again I'm talking about a perfect world............. not gunna happen.lol

So you're right and I'm right and you're wrong and I'm wrong. lol

Md

Expand

True, always be cautious of mgt and DYOR, but a “special dividend” was possible if a SDV partner was signed in December, giving us an additional US$200M+.

Although SDV requires US$500M, don’t forget we’ve already spent US$100M plus on it based on Note 12 of the annual report.

GXY Price at posting: $2.18 Sentiment: Buy Disclosure: Held
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