I wouldn't lose any sleep over a T/O @bilulu. I don't think it will occur before the company is more de-risked after the devt of SDV and JB. If a company did try to get in early with a cheeky bid they would be inundated with competitors, so that current fair value would be reached. The only problem is that many of us are looking forward to getting fair value in 2020/21, when GXY should be producing an annual profit of $500m p.a. . IMO
GXY Price at posting:
$2.85 Sentiment: Buy Disclosure: Held