Thats right Regal it was always there in black and white.
But many (rampers) put their own twist on it.
Looking at the Posco Sale and I must give credit where credit is due here to the Management (A.T.) for having the foresight to make the decision to sell part of SDV at the time.
Its now a master stroke of a decision because its allowed GXY to stockpile this Qtr for whatever reasons associated with their negotiated Contracts or other?.
IF that Posco Money never happened GXY would be shipping product (out of need) when not advantageous to GXY atm .........imo
It also allows, as pointed out, that GXY can now take further time to evaluate all J/V options fully, with differing experimental processes now being in the frame?
As I pointed out in another post Cash on Hand at end 2018 approx 25m Look at Quarterly Costs re Production/Development ?
Without the Posco Sale money where does everyone think GXY would be this Qtr without that Posco Sale/Transaction Money?....... (do the sums) under stress is the answer with shipments having to be made (no stockpiling atm) and less bargaining power re options with SDV.
And a possible CR in the mix?
Like I said it was a Masterstroke on behalf of A.T. and I will keep my mouth shut about Management for the time being. lol
Just my opinion
Md
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