POSCO deal to be done and dusted before 2018 year end They told us at the end of the year exactly why it had been delayed - the Salta Argentinian court took longer than anticipated. They also noted that they did not see this as a risk. They also noted Catamarca (~95% of the tenements) had already been completed. And at the end of the day, it was done by mid-late Feb. Potential SdV joint partners being assessed by J P Morgan, with decision expected by end of 2018Listen to the last quarterly meeting. They also provided a summary by the end of the year with explanations. POSCO funds was a wait-point for some additional JV partners to provide their bids. GXY also got some offers to trial some new technology so they are proving it up. And finally, for a flagship XX year project, a 6 month or more delay is peanutes to getting the right partner and the right transaction structure right. Expect multiple announcements before end of 2018
Mt.Cattlin update YOP completion update POSCO transaction complete These have now happened. More to come - JV selection, revised SdV resource, YOP production ramp up No updates about permitting difficulties and progress of YOP at Mt Cattlin Previous and latest quarterly reports and meetings both explained this. There were fabrication delays. There were also some challenges with permitting for mining East of Floater Road so they had to double-dip on some older pits with weathered ore.
GXY Price at posting:
$2.22 Sentiment: Buy Disclosure: Held
