PLS is valued for its large hard rock asset.
GXY has two small hard rock assets and large SDV asset with initial USD$280m cash.
However, cash has been spent faster than expected, on something that is still unknown.
I would think to acquire some valuable asset(s) via script to script offer by taking advantage of the industry downturn. But current moves/prices don't seem very attractive, imo.
GXY emergency offer for Alita?, page-324
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