KDR market cap $548m
- liquid assets $27m (forcast cash flow $11m next quarter)
- 1 asset non producing assets (50% owned)
- Will be in debt in 3 quarters, hence the $100m line of credit from SQM
GXY market cap $741m
- liquid assets $300m+
- 1 producing asset EBIT au$80m (100% owned and operated)
- 2 non producing assets with in excess of $100m capex put into SDV (100% owned)
- No debt
- Multiple offers on the table
$193m difference in market cap. Cash alone..... yeah you get the picture.
No intention to knock KDR here as I think they have a solid future, just merely pointing out the obvious.
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