GXY hold the whip hand now re J/V Partners following the part SDV Sale, 195m in the Bank.
GXY have always stated that they would only take on a Partner that would be beneficial (Funding or.... other) to GXY for taking SDV through to production.
IF they dont take on a J/V Partner then they need a CR. but again the Posco Funds allows that to be no big deal as far as timing goes down the track
Well find out soon enough re any J/V Partner. I reckon 1 to 2 mths but.......
Md
GXY Price at posting:
$2.04 Sentiment: Buy Disclosure: Held