While my assessment is inconclusive as to whether GXY acquired some stake in TAW and Alliance Mineral Assets (AMA) before FY 2018 or after 30/06/2018, the SP action or trading volume of both companies does not suggest someone taking a 5% stake since July 2018....unless Bacchus asked his old pals at Morgan Stanley for some shorting shenanigans.
Moving on, why would GXY be interested in TAW/AMA? Increasing mine life of Mt Cattlin by acquiring a resource 200km away? It is not iron ore we process. And we commenced a drilling campaign to extent Mt Cattlin mine life.
I don't know enough about TAW's resource and ore composition. What I do know is that the quality and contract price for spodumene has a lot to do with impurities remaining in the concentrate (that is why Li hydroxide and carbonate prices are an oversimplification of the complex price structure of this chemical).
GXY's plan to improve recovery to 75% also focusses on removing impurities which will achieve higher prices. I am unsure if GXY flow sheet and process improvements can be carbon copied onto TAW ore processing. I doubt it.
