Their are still significant costs at Mt Cattlin and also costs at James Bay in that and its not much that would have gone into SDV of the USD 42 million from Tianqi. Most of that went in Jiangsu operating costs,Interest on loans and Bonds and Admin. Dont forget GXY has not one but 2 MDs seems BHP just needs 1.The old saying about 2 heads are better than one did not work for the GXY management. What a mess it is.
GXY Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held