Whether it was a smart sale or not, time will tell. Remember that GXY sold an undeveloped portion. And some would say we are laughing due to selling at the peak of the boom and still having a huge asset left to develop, and money to do it. You dont need 100% of capital go begin the project you know.
Also, we dont know what pieces are left to the deal - who is to say POSCO isnt already everything but confirmed as JV partner?
We are still in the middle of the SdV JV story.
oh and regarding LAC, you should mention what they were on Dec 2017 vs where they are now. Eyeball, looks like they have more than halved...how about GXY...yup, very similar.
So basically despite our crappy (apparently) board, vs LAC's magic, weve both dropped a similar amount off our peaks...
GXY Price at posting:
$1.90 Sentiment: Buy Disclosure: Held