KDR market cap $548m - liquid assets $27m (forcast cash flow $11m next quarter) - 1 asset non producing assets (50% owned) - Will be in debt in 3 quarters, hence the $100m line of credit from SQM
GXY market cap $741m - liquid assets $300m+ - 1 producing asset EBIT au$80m (100% owned and operated) - 2 non producing assets with in excess of $100m capex put into SDV (100% owned) - No debt - Multiple offers on the table
$193m difference in market cap. Cash alone..... yeah you get the picture.
No intention to knock KDR here as I think they have a solid future, just merely pointing out the obvious.
GXY Price at posting:
$1.82 Sentiment: Buy Disclosure: Held