O/T Sirius,
Still in it, finance deal goes through next week with a bit of luck, should be a double from here and more hopefully, as clears the toxic financing from Permynthean and makes them debt free with the raising of $45 million.
It is part of the Bruner family group of Companies, he `s never had a duff one, only problem, he let his Son run the Company and he`s not the best for management, so might take longer, but we`re used to that with TKO, but long term, I feel it will be an excellent stock.
I`m all over the place with stock buys on this one, but average 23 cents on just over 500,000 shares with two recent purchases close to 15 cents.
Stock should run to 30-40 cents on the news, plateau with a sell off from short term players or daytraders, because like TKO, it is on the watch list of companies like Briefing.com and the like. Once plateaued and based, it should move back up to 60-70 cents over the next quarter.
The funding allows them to start new drillings, re-start old ones when the funding ran out and set up new allegiances with other Bruner companies within the group such as Falcon and also frees them up to raise better financing in the future for expansion.
It has been a rollercoaster ride this last year with GAX, but I am convinced it is coming good and very soon, just like TKO will do over the next 2-3 weeks.
I see GAX up to $1.50-$2`s over the next 1-2 years, maybe higher and the short term view is also good with Petrol and Natural Gas prices starting to rise over your side of the pond, you`ve got a long way to go to catch us Brits up on fuel prices though, as you are roughly a third of our prices and I know this is all in the news your side with petrol breaking the $3 mark, so timing is quite good for GAX with the recent increases in fuel and NG prices.
It`s been a long time coming, but eventually here.
I hope you`re having a great weekend.
GLL
AI
