GXY 0.00% $5.28 galaxy resources limited

Ann: Strategy Briefing Day, page-48

  1. 2,774 Posts.
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    Very sensible suggestion I would imagine.

    Despite the current "over supply" and "weak pricing" environment, its clear from a number of recent acquisitions of equity, that the appetite for lithium assets is still extremely strong.

    I would be stunned if no other party was interested in A40. Its a quality asset.

    Personally, I think it will result in a JV. GXY wont wont to put anymore cash into that asset than already attributed. The JV will come from a downstream partner IMO. 50/50%. We wont be required to tip any further funds in. JV partner offers x cents in the $ to creditors. I doubt we will see anything on this prior to Dec though.

    Thoughts @Thesi?


    Last edited by ljcamp: 08/11/19
 
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