It just seems too convenient and coincidental that the Chinese bought Talison and that within a week that the decision was made by GXY to buy spudamene from the new Chinese Talison and mothball Mt Catlin.
I believe that Iggy had to abide by the Board's decision rather than the other way around.
Why would Iggy be interested in Lit One's St James deposit in Quebec in the first instance and then go ahead by buying all of Lit One? I believe that this was and is a Chinese strategy to secure lithium assets as a long term investment and, once derisked, take them over for a song before they become productive.
And why should the Chinese buy Jiangsu if they could build one from scratch cheaper?
As Judge Judy says, if it doesn't make sense, then its not true.
Cheers Moorookamick
GXY Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held