All good with Posco. GXY will soon have :- *Aus$500m in the Bank...

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 !!