Vayama I will just correct you on the two plants you mentioned as closed down and a risk, both the Hydro Xian (China) and Bottrop (Germany) plants have not closed and will be offered for sale as profitable and going concerns...it is just Norsk Hydro are geting out of Magnesium altogether because they now lack scale due to the Canadian operation closure.
The very obvious reason for the EGM is they may need to raise $15-20m very quickly to buy one of these plants or partnership to buy both.
The other option is the rapid build up to 50000tpa at their own facility if a GM decide to use them to fill the Norsk shutdown void...that would cause a significant rerating of the stock.
hot tip, page-15
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