GXY 0.00% $5.28 galaxy resources limited

https://thewest.com.au/business/mining/battery-sceptics-driving-s...

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    https://thewest.com.au/business/min...riving-shorts-on-lithium-future-ng-b88917871z
    Shares in Galaxy are also being held back until a preliminary deal to sell some Argentine mining leases to steelmaker POSCO is signed off. The deal is expected to close next month.

    Ben Cleary, portfolio manager at Tribeca Investment Partners in Singapore, expects POSCO to close the $US280 million deal with Galaxy given its new focus on battery raw materials.

    “I don’t see much risk of POSCO not closing the transaction ... I would say the potential for a short squeeze on completion is high.”
 
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