To me it is a very clear signal that GXY is being touted as a "Bolt-on" acquisition. By that, I am saying that a potential acquirer can now view GXY as a standalone business unit that would operate independently of other groups within a conglomerate.
That brings the likes of RIO, WES, FMG and others into the frame for a potential "friendly" take over.
It also means that a Livent could come along and add the GXY business units to their portfolio (of one).
This is a very deliberate move by Mr Rowley and it is clear he has a game plan and is playing it very well.
Kudos to our Chairman.
GXY Price at posting:
$2.01 Sentiment: None Disclosure: Held
