Joe Lowry commented on his 2018 end of year note that POSCO/GXY was one of the worst deals of the year.
"POSCO's $280 million for a tenement package carved out of Sal de Vida. A great deal for my friends at Galaxy on the other side of the transaction"
A.K.A they paid too much. Even so, with the growth in segment expected and favourable exchange rate, if we had a similar amount of measured/inferred resource, you'd expect $300m+ AUD as a 25% discount.
https://www.linkedin.com/pulse/lithium-2018-parting-shots-joe-lowry/?published=t
General Discussion Banter GLN, page-1867
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13.3¢ |
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Mkt cap ! $60.50M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.3¢ | $577.8K | 4.280M |
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| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1294369 | 13.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 1541929 | 8 |
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