M&G/Vanguard, topping up after a long time is a good sign. I am not thinking ECE is the type of to go for full t/o Look at their other ASX plays still part owners and willing to work with other parties and thus spread risk.
More of a defensive move(secure supply?) to Rockwood Talison holding 55% of market T/o may come at some stage I think but not before debt and ramp up are improved on.
Should a takeover come would need to be someone with a lot of cash. Could be a big Lithium player or electronics/battery company etc. Batttery grade certification is a definite plus. Hopefully they have enough cash lifelines to finally get it together. Last major Cap raising they say.
GXY Price at posting:
16.3¢ Sentiment: Hold Disclosure: Held
