Ann: Orocobre and Galaxy Merger - Announcement, page-327

in order for Macquarie's Target price for Galaxy gxy of $4.50 to be realised, ORE needs to be at $7.90 currently trading vwap at $6.52.
I don't know how Macquarie are expecting that to play out
there is no 12 months of gxy it becomes OREGXY OGRE or ORGY or whatever it gets named in 4mths time

Perhaps ORE will hit $7.90 over the next 4 months
for the expected fifth largest lithium chemicals producer in the world upon merger, it's worth it
and if Macquarie have got it right, the third largest globally when all projects come online....
I'm sure there's an African play that might challenge that position by 2023/24