Put SDV on hold and spend the cash on something else?, page-4

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moriwaki

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29/01/19

18:39

Post #: 37255545
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Originally posted by Ozyoioi: ↑

My $0.02,

A lot rests on the POSCO $280m clearing. Despite how little risk it may be, it's either completed, or not.

once they have $400m sitting there, things will heat up:

- SdV investors on the fence put in their offers now that money is cleared and GXY share of the project is derisked

- Any opportunistic takeovers come out of the woodworks (I'd put forth POSCO or heck, even MIN as interested parties)

- Considering the delayed Final Investment Decision for SdV, I can see them announce a $40m or $80m buyback of undisclosed amount and end date. Fund the shortfall from the extra year of mt.cattlin production - easy. And yes, it's detrimental long term, but so is share price falling too far exposing GXY to a hostile or manipulated takeover.

However, I honestly suspect things will start moving fast once POSCO Transaction completes...

Exciting times and the risk to reward ratio looks bloody brilliant right now.

Opening a new short right now seems risky. all it takes is a macro environment improvement which Trump and Xi must be starting to feel a lot of heat to deliver. Or any of the three bullets.

and on the downward side, even our friend Asb83 thinks $1.80 is a fair price, so 10% downside, 50%+ upside...not long to go and definitely oversold IMHO.

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posco must complete fully, before next move announced. (elon lernt the hardway) cant speculate without backup

GXY Price at posting: $1.98 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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Put SDV on hold and spend the cash on something else?, page-4

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