Fair value is $1.80, IMO, so it still looks overvalued for my liking. POSCO funds might give a short-term sugar hit to the SP, but if I were long, I'd be using the opportunity to get out and move on on any dead cat bounce if it were to occur.
Mt C is a basket case. They can't even operate a tiny ant farm, as seen with their production reports that go from bad to worse.. So how will they ever get SDV off the ground?! They could easily blow the $400m if not handled properly.
GXY Price at posting:
$1.94 Sentiment: Hold Disclosure: Not Held
