Hi Thesi, do think it would be fair to say that GXY has now got...

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PalaceGuard19

344 Posts.

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11/10/17

19:03

Post #: 27834462
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Originally posted by Thesi ↑

The tailings first stood out to me as the very reason for Galaxy to consider working with Lepidico and Anthony points this out as one of the reason for the decision to proceed with the Alliance.. "Our alliance with Lepidico will provide us with the capability to also potentially evaluate significant mica feedstocks in future." Turning one person's rubbish into another's treasure. Lepidico's L-Max technology would separate us from the pack. Then there is that new Brine patent that was listed in the past 48 hours and Galaxy being ever so quiet about Saudi Vida. (that's how you spell it right? ) Who knows what tomorrow will bring. With regards to ownership levels in Lepidico, I think @Welsho54 @maxi1981 or @2Chance would have some in depth knowledge of percentages as they tallied up recently during the failed take over attempt by Lithium Australia. Bacchaus picked up I think it was somewhere around 5% for his recent consulting work, and Galaxy have picked up 12%. Then there is also Strategic Metallurgy that from memory is their largest share holder. Then of course you have all of their supportive retail holders who generally refer to LPD as Platypus. It's good to be joined by other good people, and I have no doubt it is the first of many. For those wondering, the subscription cost Galaxy no more than 3,500 tonnes of Mt Cattlin's finest.. These are the things we can do now..

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Hi Thesi, do think it would be fair to say that GXY has now got an 'effective' holding of ~17% of LPD through the indirect nature of a friendly and related party Bacchus holding? Do you think this would need to be disclosed in the 'becoming a substantial holder from GXY' notice?

Last edited by PalaceGuard19: 11/10/17

GXY Price at posting: $3.14 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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