I thought GXY taking on the Alita debt was a defense against its stake against a deferred and potential much lower settlement BUT it seems the Chinese are opportunistic in their long term view of Spod assets. It just feels like the Li sector is potentially bottoming out after the bursting of the bubble and we are now discovering who the survivors are!
Pretty much thought this news is valuation friendly.
GXY Price at posting:
95.0¢ Sentiment: None Disclosure: Not Held
