"There is no announcement to say PLS have excersised their right to participate before 28 Feb 2019. I speculate the reason for PLs to bring forward the du diligence and board approval to end of March is GXY have made better offer to PLS as Ijcamp suggested"
As you say it's pure speculation and not based on any particular logic IMO, it's very likely the PLS deal will go through, they have the Spod in large volumes which is what POSCO need and GXY don't have.
There is no certainty that GXY will JV with POSCO in Argentina either....we will know with certainty when a deal goes through...I hold both so will take what comes...
What GXY do have is cash and that could easily be swallowed up by SVD alone if they chose to.
Cheers Whisku
GXY Price at posting:
$2.17 Sentiment: Buy Disclosure: Held
