That was another good conference call
My takeaway is POSCO purchased SDV tenements with a resource of 2mt for $280m. The retained SDV tenements have a resource of 4.9mt. So the board of GXY are looking for a transaction that values the asset at around $700m USD.
The reason for terminating the SDV process is logical.
JP Morgan exit the process and this save coin
Short list of partners is finalised
Discussions are continuing
AT still confident that a deal will be reached
Furthermore, the buyers of Mt Cattlin Spodumene have provided a full year profile which sees big shipments in second half of 2019. So much so, bigger ships will be used and Cube logistics is well placed to facilitate skewed demand. So all this palaver about shipping is just nonsense.
- Forums
- ASX - By Stock
- Ann: March Quarter 2019 Results Conference Call
That was another good conference callMy takeaway is POSCO...
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online