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Ann: Trading Halt request-GMM.AX, page-37

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26/05/16

16:22

Post #: 17875984
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Originally posted by nrcmedia ↑

So....assuming Galaxy takes over GMM the share exchange should be something like 1 1/2 shares of GXY for each GMM share owned. If the Chinese group is behind this takeover...which I suspect they are...we should be seeing some Jiangsu processors announcing agreement with Galaxy in the next few months. So taking it full circle...Galaxy sells Jiangsu plant to Chinese investors to allow Anthony to setup the Mt. Caitlin project with no debt. This inevitably sends the stock of Galaxy and General Mining higher. Now time is right for these 'same investors' to consolidate the mining activities for Mt. Caitlin under more direct control to guarantee 100% of the offtake coming to Chinese processors in Jiangsu....with GXY and GMM they still had to potentially deal with two sets of managers. This inevitably was what the purpose of the 'sale' Galaxy made to these investors. Whether or not the Sal de Vida project comes to fruition or not is not of primary interest to these guys in China. They wanted a guaranteed supply chain of hard rock spodumene, and trying to come into Australia as Chinese investors, or as a Chinese company they would have had regulatory problems with the Australian government if they tried to take over the mining operations directly.

Now...no problema...put this in your pipe and smoke it Remains an Australian company...but in the final analysis they got what they wanted. And as shareholders...we get to ride the lithium dragon. I don't make share price predictions, but you have to think this is going to be pushing $1 by next year. So whether you own GMM or GXY at this point it really doesn't matter...all on the same boat now.

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NRCmedia - nice post

GMM Price at posting: 61.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Trading Halt request-GMM.AX, page-37

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