GXY 0.00% $5.28 galaxy resources limited

Galaxy is a cheap takeover target, page-136

  1. 8,739 Posts.
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    Maybe this is worth considering?

    Screenshot_20190524-072936.png

    For a take over, POSCO could acquire both Galaxy and Livent thus owning pretty much the entire  Salar Del Hombre Muerto.

    Livent already have some great assets around the world where some is used to produce lithium chloride which is used to produce lithium metal.

    Other than Sal De Vida Galaxy have Mt Cattlin, James Bay, investments in lithium conversion tech company Lepidico which is acquiring Desert Lion and has as recently as last week been in discussions with BASF. Galaxy also have investment in Alliance Minerals. Both of these investments would go with the transaction and depending on the DD might require a take over offer including those companies being invested in.

    It really depends on how serious POSCO are in meeting their planned production numbers in the next few years.

    Let's see what happens.

    Maybe we will buy ownership in Livent and a seat on the board?
    Last edited by Thesi: 24/05/19
 
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