Agree with you that this trading halt is for the sale of a package of tenements to POSCO. However, it is worth pointing out that AT inferred that the cash hitting the bank account was an impediment to the JV negotiation. Hopefully on Tuesday we hear that this cash has landed.
AT has been known for quick one two punches as far as announcements are concerned. I'm hoping for a announcement to following shortly on the JV. If the cash has hit (which is what I am expecting), and we don't get a JV announcement next week, at least we are one step closer!
GXY Price at posting:
$2.12 Sentiment: Buy Disclosure: Held