What difference will the tax make i fail to see. The market has not budged whether Gxy gets $280, $200m or nothing. Don’t you think it would be better to rewind the clock, let’s simply return all monies to POSCO so our SP will switch back to $3.60 pre-Posco deal?
What the market has not been unimpressed with is to do with continuing unsatisfactory MC operations, and the Gxy saying it will simply sit on its cash for another 3-year incubation period of SDV. The asx is not impressed with a realestate business in the EV and renewables sector. Maybe gxy should try share investing, buy a $30m stake in PLS for a start to test the market.
Cheers, but no cheers
GXY Price at posting:
$2.19 Sentiment: None Disclosure: Held
