What is GXY management supposed to do about a sector wide assault? There is a LOT of cash doing this damage.
By my research, GXY management look to have set themselves up in a position to be able to "wait it out". And that is a good position to be in.
And as a Long, I am ok with that tactic.
FYI - they have also said that there wont be any delays to SDV as they have cash to progress the project. Will be interesting to see the SDV updates in the next quarterly.
GXY Price at posting:
$1.95 Sentiment: Buy Disclosure: Held