Ann: Trading Halt, page-80

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igorot72

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22/02/19

12:41

Post #: 37530825
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Originally posted by SoConfused ↑

Now, don't have a scream at me people but why is everyone so optimistic that this is a good news?

BTW I know what they said in their reports and the quarterly conference call.

Obviously the yesterdays and today's trading is a positive sign but ...

They said: "pending an announcement regarding the sale of a package of tenements located on the northern area ofthe Salar del Hombre Muerto in Argentina to POSCO."

So thinking out loud what this could be:

1. Why wait till Tuesday if money is in the bank? Maybe because the final hurtle got cleared and they need time to clear the money in the bank?

2. Why trade hold just to announce the money is in the bank? Maybe because share price was moving up and it would be important to stop the share price trading at this point?

3. Something has gone wrong?

4. They got the cash and they may say what they will do with it. I know there was some talk in the quarterly conference about rewarding long term shareholders. Which would be the best outcome and it would fry shorters.

Now hopefully it is number 4 and not number 3. I would be happy with 1. Maybe its none of the above and something else.

I can't see how this could be TO as I think they would have said something to that effect.

Anyway just wild guesses. I am glad that the action was up from yesterday which gives me some comfort it may not be bad news. We will know soon.

GLTAH

This is only in my opinion, not offered or to be taken as financial advice, DYOR

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Never thought of TO , hope not - not at this stage. @yanlin posted before that POSCO boards meet on last Saturday of the month which coincides tomorrow. So it might be that Salta court has it registered today but board needs to fully sign/formality for them tomorrow and gives GXY Monday/Tuesday to lift TH . AIMO

GXY Price at posting: $2.12 Sentiment: Buy Disclosure: Held
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Ann: Trading Halt, page-80

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