morningstar 17 jan gxy speculative buy, page-2

Suppose Moorookamick was a Chinese Company who wanted to buy a li carbonate producer at a bargain price. Enter GXY into his sights.

Market Cap $283 mil (under the FIRB radar of $300 mil)

Potential net earnings ......$42.5 mil (17K tons @ $2500/ton.)

ROE: .......15%

EPS:.........14 CENTS

Nominal P/E.....10

Target price.... $1.40 (EPS x 10)

Current price....87 cents

Last CR price....$1.10

Takeover offer......$1.10 (40% increase on the past 30 day average)

The question is: Would you sell?

Cheers
Moorookamick