Ann: POSCO Transaction Complete, page-307

Looks like the short squeeze that holders were predicting is more like a gentle nudge. I'm still of the opinion that the next quarterly report is going to be a total stinker, so short sellers are in no rush to close out given what is upcoming.

People saying half the market cap is covered by cash therefore is "cheap" is naive. There are a lot of companies with a higher cash to valuation ratio than GXY. How much cash will they have by end of next year and the year after? That cash is going to be eaten into very quickly and the above argument, as weak as it is now, pretty much redundant as time goes on.