I guess a lawyer joke might be appropriate then?
What's the difference between a good lawyer and a bad lawyer?
A bad lawyer can let a case drag out for several years. A good lawyer can make it last even longer.
RE: JL and "other experts" not talking about Mt Cattlin... I am not sure their reasoning... Am not sure who these other experts are..
When I look at Mt Cattlin, I honestly don't look at it for what it produces, I look at it for the revenue it generates.
I have compared it to other companies assets and Mt Cattlin was the best that I could find..
Plus also with the added benefit of tolling and Galaxy actually producing a final grade of lithium. It increases the return from Mt Cattlin even further.
Off a base line of US$1000 at 200,000 tonnes without tolling that's A$255 million before including any extra revenue generated by the tolling.
Time frame for SDV, it hasn't been laid out, though Anthony was adamant at the AGM of Galaxy’s production in Argentina commencing in 2019. Maybe there is something more to this?
When you think about it we have a board experienced in large transactions.. One Anthony Tse raised over $200 million (from memory) when the HKSE listing didn't go ahead (Some of the funds came from Li Shufu of Geely fame)
Another member of the board Peter Bacchus...
Well here is a bit of his CV from the Bacchus Capital website.
Over his career, Peter has led a large number of the industry's transformative strategic M&A transactions and financed substantial investments and development projects worldwide.
Peter previously acted as Global Head of Mining and Metals at Morgan Stanley and European Head of Investment Banking at Jefferies. Prior to relocating to London in 2006, he was based in Australia and Indonesia, where he was Asia-Pacific Head of Industrials and Natural Resources investment banking at Citigroup.
Over this time, Peter has been integral to many of the sector's transformative events, including:
- Strategic and financial adviser to First Quantum Minerals on its C$5.1Bn hostile public takeover of Inmet in 2013
- Defence adviser to Rio Tinto in relation to the unsolicited pre-conditional offer received from BHP (the mining sector’s largest ever takeover offer), and defence adviser to Western Mining in relation to the unsolicited offer from Xstrata and ultimate sale to BHP (Australia’s largest ever cash takeover)
- Strategic adviser to Chinese state-owned MinMetals in relation to its takeover offer for Canada’s Noranda; at the time the largest ever Chinese cross-border takeover offer
- Adviser and financier to Fortescue Metals in relation to its $2.5Bn financing to build its highly strategic port, rail and mine infrastructure in Western Australia
The reason I am pointing towards the credentials of the members of the board is that... I just don't see Mt Cattlin being all we have for the next few years..
Even if it is bringing in north of A$255 million per annum.
Also...
We haven't seen why Galaxy chose to buy into Lepidico either...
@bobsacramento we have speculated Galaxy working out a plan with FMC at Fenix, whilst in Canada, there is already production along with a converter in Nemaska.
My thoughts at the moment is...
What are these guys gunna do?
Danny Ocean didn't get the crew together to just visit the casino.
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