Citi upgrade GXY to BUY..., page-106

From ending March 2017 quarterly statement.

So you ask, what debt ? That debt above in picture
My question to you is: Who are you trying to fool ?? Certainly not me.

Don't be bitter at me with your share price buy above $2+

The targets of those options are reasonable, though on the low hurdle side as they can easily be achieved within 9 months, and 12 months will hit $60M+ I reckon.

Why have such low hurdles of $50M EBITDA over 12 months from 1st June 2017 at nameplate production rate+ and future improvements, when the effort required to achieve could be 6 months or even less!.

Like I said before, the current share price now can only go up slowly overall as all the risks are now taken into account.

From a risk / reward, there's certainly a lot of reward as all the risk has been factored into the share price, and any derisking will push the SP up.