GXY 0.00% $5.28 galaxy resources limited

What I'd like to see... South32 make a bid for GXY. S32 are an...

  1. 16,083 Posts.
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    What I'd like to see...

    South32 make a bid for GXY.

    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.
 
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Currently unlisted public company.

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