GXY emergency offer for Alita?, page-34

I believe that Galaxy is a part of the consortium that was lead by Tribeca.

Also, I think it's backward to believe that a company like Galaxy would invest without a game plan.

"Hey Martin, our share price is going down in A40 whaddya reckon we do?"

"Let's hang on to them there is a poster in the forum doing some great posts that I think you should go and read it. It's had plenty of thumbs up. I just gave him a lightbulb!"

Allow me to introduce you to one of our board members...

Peter Bacchus.

• Strategic and financial adviser to First Quantum Minerals on its C$5.1Bn hostile public takeover of Inmet in 2013
  
  
• Defence adviser to Rio Tinto in relation to the unsolicited pre-conditional offer received from BHP (the mining sector’s largest ever takeover offer), and defence adviser to Western Mining in relation to the unsolicited offer from Xstrata and ultimate sale to BHP (Australia’s largest ever cash takeover)
  
  
• Strategic adviser to Chinese state-owned MinMetals in relation to its takeover offer for Canada’s Noranda; at the time the largest ever Chinese cross-border takeover offer
  
  
• Adviser and financier to Fortescue Metals in relation to its $2.5Bn financing to build its highly strategic port, rail and mine infrastructure in Western Australia
  

More information HERE

Do you still think Galaxy flew blindly into this?

My curiosity is what happens to Cowan now. I cannot see how Mark Calderwood can take that thing to IPO after this.

Speaking of 20% ownership, an acquisition of A40 will give us a further 15% ownership in Cowan on top of our ~4% and only needing another 1% or so to hit the 20% probably won't be too difficult. I'm sure plenty would be wanting to get out knowing that a Cowan IPO may never occur.

So this Alita thing.. that should give Galaxy a combined 400,000 tonnes per annum right?

There is a rail line not far from Bald Hill that MinRes use for Mt Marion. That should cut some costs.

I think we will be pretty sweet and when I say and thought about this situation I was compelled to buy more Galaxy just before take off this morning and flick my sentiment to buy.

Things are about to get interesting.