100% in agreement.
MF did very well financially for himself and GMM holders. He outfoxed the GXY management and glad to see the back of him, his departure basically clearing the deck for better things to come for GXY.
Looking back, basically GXY opened the door to GMM for a song, they invested less than $20 m and got hundreds of millions out of the the acquisition deal. It was a dud deal for GXY holders, essentially throw in priced SDV and James Bay to be shared by all.
Having said that, it is old story and is all forgotten now as the Mt Cattlin go into full production and big fat cheque is coming (combination of extremely good 2017 price and falling Aussie dollars) and the long term future looks very bright with the low cost high quality brine asset in Argentina.
Lithium market is controlled by few big players over many many years, my prediction is they will move on GXY very soon before the imminent jump in GXY SP.
GXY Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
