A40 Administrator update, page-27

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Whisky49

13,416 Posts.

4570

28/11/19

11:03

Post #: 41680534
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Originally posted by bfor3108: ↑

The West has woken up way to late to the fact that Xi and friends just look like Winnie The Pooh and the gang. Actually not soft and cuddly...at all.

I really hope GXY survives the Chinese. I have bet my money on GXY having a very clear idea of what is happening with lithium market and Chinese manipulation and as foolish as it might sound...trust that this is why they are playing the long game right now. The Chinese might control bulk of conversion but the ball will not be in their court forever if the rest of the world starts to seriously invest in batteries.

Australian government has shown with the approval of the sale of Bellamy’s that they aren’t really going to go into bat for Australian companies. I guess the logic goes: The market is in China, and if we actually look into the manipulation on the ASX it’s going to open a can of worms that we don’t want spewing forth on our watch. The same could be said for lithium. We have cash and it is kind of sweet being the thorn in their side.

...if this is what is going on. All speculation of course, but Chinese seems to be popping up everywhere to conveniently help out with ‘distressed’ assets.

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Probably worth noting that there have only been two offers and GXY's was considered the least desirable from A40 shareholders perspective...Vultures take no notice of borders they can come from anywhere, however the carcass is obviously not that attractive....

Cheers Whisky

GXY Price at posting: 96.5¢ Sentiment: Hold Disclosure: Held
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