That's interesting chazwazla. Have you asked Bell Direct about their thoughts on GXY? I'm hoping for a rerating as soon as all of the cash is received from Tianqi. It's in the boards interests to make the options viable as $54M would help with a JV for SdV. At any rate - $54M buys some great lunches! Have you gotten any worthwhile info from the board? I still think we are undervalued greatly - Patterson's had a conservative undeveloped valuation on Sal de Vida last year of $75M - cash of $62M = $137M. That would equal around 13c/sh - then add $54M options exercised - mc of $191M with 1.7 billion shares equals 11c/sh. Throw a deal with KORES in the mix and who knows what it would hit?
GXY Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
