" ... 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.
GXY Price at posting:
$3.70 Sentiment: Sell Disclosure: Held