*sip tea*
19% short...
This is cowboy sh!t now...
Take over will potentially save some insiders, but man, the fry pan would be out for the rest.
LG getting supply from Livent and POSCO then LG supplies TELSA.
TESLA know how much lithium will be required. Musk also hates shorters.
GXY is primed to get an offer from Tesla and you know they wont muck around.
Script offer for GXY for tesla shares . They could offer Au$1.5b and it wouldn't even touch the sides of their Au$232b market cap.
In exchange for au$3.65 per share Tesla would receive a producing mine, SDV world class brine asset with 25kt pa LCE that is the same product as Livent and POSCO so material in the batteries would be consistent (which is critical), along with a James Bay in north america.
MC earning accreditive for Telsa balance sheet and they would know US$1b to further sure up their lithium supplies would be chump change and a no brainer.
TESLA Market Cap Au$232,000,000,000
GXY Market Cap Au$450,000,000
shares on issue 410,000,000
offer au$1.5b
or 1,304,000 TESLA shares
or 1/315 GXY shares
The same could be said for the surging Gangfeng share price.
Perhaps this has been GXY plan the whole time?
Shorts should be concerned.