Post by
CountryBoy69 on Oct 15, 2023 3:34pm
Quinnie
I decided to respond to your post about a CJ aquisition of GXE even if somewhat overdue. In the past we have had issues on a couple of topics not directly related to the stocks on question , and that has not changed , but your take on the possibility of both CJ and GXe is spot on and very informative , and yes l own both but like your c'mon to tell you where to go , l won't , reason 1 l would be removed , reason 2 l agree on about 90 percent of what you said. In my opinion , the only flaw in your GXE take was , with the new mgmt iniatiatives the recent land aquisitions and their debt reduction , quite rapid since August would seem to me to command a somewhat higher premium , l would suggest more like 40 percent especially considering current conditions and they would be aquiring not only land but immediate revenues at this higher price. I also don't see it as a weakness for GXE looking to increase sharehoder value as that Div cut as you said was highly premature, based on today. Of course they could reinstate that div and l believe that would be in the best interests of shareholders like me who want to see a few more quarters at least of debt reduction and production results. If CJ were to make an attempt then they should be accumulating at these low prices , in the long run it would be better and l agree the labour pool available of good people would be a bonus and l after having a number of personal phone calls with GXE Ingram Gilmore would consider him as a very useful asset to CJs Head Office.You take care now and yes l like you welcome any responses to what we both posted.