The current market valuation of GXY is so far off the mark. Particular in regards to current financial condition.
$100m usd cash in the bank (and growing >$20m per qtr)
And NO debt.
I would say a 90% chance this Posco deal goes through, SO another $280M USD cash in the bank
$100m + $280 = $380m USD $380/0.73 = $520m AUD
Here is the crazy part. The market cap is almost at $1B. There is a significant possibility that in the next month GXY could have HALF IT'S MC IN CASH!!!!!
GXY Price at posting:
$2.60 Sentiment: Buy Disclosure: Held