S32 are an absolute cash machine at the moment. They're sitting on oh, I don't know, roughly a billion dollars US in the bank- probably more. They could just about buy GXY outright with what they have. They're on the hunt for good quality assets and they're wanting to diversify their operations.
Disclosure: I own S32 shares, but not GXY. It's been on my watchlist for some time but as yet I haven't committed any funds into lithium. I still think GXY is the best local player in lithium at the moment and this would be an ideal time for a takeover.
GXY Price at posting:
$2.03 Sentiment: Buy Disclosure: Not Held