Ann: Orocobre and Galaxy Merger - Announcement, page-317

Wonder what happens to Livent now? Will the new entity continue to sell to Livent? Orocobre is who Livent has been receiving their 3rd party supply from which has allowed them to put off expanding at Salar del Hombre Muerto.

I am sure Livent along with a number of other parties will be considering the ramifications of this merger, and in Livent's case will probably encourage them to proceed with their expansion at Fenix much sooner.

If Tesla had hoped to receive supply from James Bay, maybe that will still happen, or maybe Toyota might not want to provide that to them. This deal very much placed the ball in Toyota's court. Whilst I have heard commentary that the merged entity might make a good takeover target, I am wondering how easily that might be achieved with Toyota having 15% ownership.

Who loses potential supply that they were eyeing off as a result of this merger?
If a takeover is going to take place, I am wondering if now is the time to do it?
With Galaxy's profitability increasing substantially more than that of Orocobre how could an Independent Expert say that this is a good deal for Galaxy shareholders?

Also, we could see that Galaxy's share price yesterday morning didn't match the merger attributed value.... Galaxy was well ahead....

I would also put to everyone that by Galaxy not presenting to the market a plan for a converter tied to James Bay at the time of that announcement that it affected the share price negatively, and I would use Piedmont as an example of what might have occurred had they bothered to do so. - This would have probably improved Galaxy's shareholders value going into the new entity.

I also wonder how pleased Simon Hay really was with this deal, because if you listen to his answers to the questions I provided, it appeared to me that he was not and was just going through the motions he was told to do.

It's also worth noting that members of Galaxy receive bonuses as a result of this deal, they are not diluted and disadvantaged in any way.

It's such a poor deal that I don't think it would be difficult for another party to come along and scuttle the plan.