GXY 0.00% $5.28 galaxy resources limited

Ann: Orocobre and Galaxy Merger - Announcement, page-142

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  1. 30 Posts.
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    " ... have its head office in Buenos Aires, Argentina"

    This is not a merger of equals, but an overseas takeover of an important Australian lithium producer.
    GXY shareholders don't even get much benefit - the market value looks the same, and we don't get much seat in the new company.
    I'm not against it per se - that is capitalism - but I am saddened to see yet another offshoring, the sum of which contribute to Australia never realising its full potential.
 
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