what next for galaxy, page-4

Hi gooru 25,

You have left out the most important element; that is the possibility of a Chinese
takeover bid before GXY becomes cashflow positive.

Just have a look:-

(a) The board is predominantly Chinese
(b) The major shareholders are Chinese
(c) The plant is in China
(d) The recent acquisition of Li 1 meets Chinese objective of securing resources
(e) Lithium, like rare earths, is important to China's hi-tech objectives

The question is at what price?

The closer we get to being cashflow positive, the more expensive the takeover
price is likely to be and given pervious cap raises, the price is likely to
be between 77c & $1.10. My guesstimate is $1.01.

Given that Talison (Canadian Co. ) owns the other Aussie Lithium Mine , the
FIRB is not likely to knock back the deal

With kind regards
Moorookamick