GXY 0.00% $5.28 galaxy resources limited

Has there been any discussion of possible synergies between GXY...

  1. 3,463 Posts.
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    Has there been any discussion of possible synergies between GXY and AGY. AGY is on track to develop a small scall lithium brine project in Argentina that appears to be looking at both Battery grade Li Carbonate and Li Hydroxide. Initially 2000 tpa of Lithium Carbonate. It's quite a few steps ahead of SDV. Given the complexities of battery grade lithium from brine, a TO could be greatly beneficial to GXY given the low AGY market cap. It's worth noting ORE struggles to produce battery grade lithium chemicals, most of their product is industrial grade carbonate from Argentina . The benefits from brine technical experience, shared data and local government expertise / relationships & contacts seem obvious. Same region, same goal. Undervalued AGY. GXY has really struggled to get SDV moving and this could provide the lacking expertise. AGY $70m market cap wouldn't make a dent in GXY cash. In addition the increased investment in Argentina could have benefits regarding the POSCO northern SDV tenement sale tax liabilities.
    Two steps forward to Argentinian brine development.
    Id appreciate feedback both positive and negative. I like to hear all sides.
    Cheers
    DYOR
 
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