who saw that coming! Positives: -Bigger company, rivaling gangfeng's 24b market cap gives a heck of alot of upside here -Less risk and volatility purely hedging us to lithium which is why alot of us our invested -Skillsets and expertise deriskings this all -Balance sheet strength = no dillution really -converter capacity and automatic buy-in with Toyota, the worlds largest manufacters who also happen to have US operations. One would be silly -to assume toyota isnt going to continue to be a major player in automobile
Cons: -We dilute upside potential for SDV which could have been many x return -I dont think ORE has great management even though i have been invested as long as i have with GXY
Overall, far more positives than negatives and i have a feeling the market is going to attach a premium to this merge co given the size and competitiveness in market.
With this much invested in lithium, overall I appreciate the derisking this brings
GXY Price at posting:
$3.61 Sentiment: Buy Disclosure: Held
