Banter and General Comments, page-4236

Casting a critical eye over the analysis, it seems coherent enough. The only thing I would caution is looking at the PE of 4 as an indicator of anything useful. Recording a gain on an asset sale is great business, but it is more of the non-recurring item variety. Looking through at some of the analyst research, which you can always take with a grain of salt, GXY is expected to be either marginally profitable or marginally loss making for at least the next three years. That may be perfectly fine from a valuation perspective as the vast majority of the share price is driven by what happens to SDV, which won't return anything until beyond that horizon. Li mining and processing is a growing industry, which is a good thing, but execution is specific to GXY and the jury remains out on that. Remove that uncertainty and there is a catalyst for the share price. At current levels, I'm more of a neutral than a long or a short, alas I don't have the strength of conviction that others seem to have in either direction.