I wonder who will make an offer. Probably SQM or ALB since they are burning cash looking for good Lithium assets. Personally I hope BHP of FMG take them over and keep the jobs for Australians. I reckon a low ball offer of $2.50 if it is SQM, maybe higher if it is ALB. Heck ALB share price would probably surge 10% if they took over gxy given that their non rosy outlook was based on more exploration for lithium.
GXY Price at posting:
$1.81 Sentiment: Buy Disclosure: Held
