"If the Board are confident of getting a deal done for SDV in near future, that means free up lots of capital in hand"
Well now, that's a very strange proposition indeed...? I would have most certainly thought that ..exactly the opposite.. would be true...!
Why,...? Simple, because when the SDV JV, is, finally, announced it will then become full speed ahead with the build-out of the mine, and that, is ..exactly when.. the company's need of access, to their unfettered-stockpile of 'debt-free' Capital will be maximum.
And as for, "An aggressive or modest buy back is the go" I would have thought that the ..very..VERY.. last thing that the GXY BOD should be worrying about using the company's current precious Capital reserves for, at all, ..EVER.. is in just wasting it, on a completely unnecessary at this point in time, and undoubtedly absolutely futile, and most certain to be very short-lived 'game' of attempting to 'play' the master SP manipulators of Wall St, at their own expert chosen professions of 'artificially manipulating' the GXY SP, just in order to temporarily satiate the SP desires, of some moaning and impatient pip-chasers here on HC.
As my dear old Mum and Dad used to say, "If you look after the pennies, the pounds will look after themselves" and that very true old saying also equally applies to the GXY SP, because once a SDV JV commences work, the GXY SP, ..will then look after itself...!
GXY Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
I would have most certainly thought that ..exactly the opposite.. would be true...!
