All good with Posco.
GXY will soon have :-
*Aus$500m in the Bank (equates to Aus$1.25 per share held in CASH)
* is debt free
* is earning north of Aus$100m pa from Mt Cattlin
*and has two other World class projects that are being progressed
*shares are circa 16 to 17% "shorted" at present
Looking good for share holders with September to be a HUGE month with the Posco settlement due at the latest.
Can't get much better than that - an envious position to be in.........well done to Management and their teams !!
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- Ann: POSCO transaction ahead of schedule
All good with Posco. GXY will soon have :- *Aus$500m in the Bank...
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