GXY 0.00% $5.28 galaxy resources limited

Stakz - for Motley Fool to suggest the $107m offer for their low...

  1. 3,699 Posts.
    lightbulb Created with Sketch. 626
    Stakz - for Motley Fool to suggest the $107m offer for their low grade BGS lithium interests in Mali is "a little light" is a joke IMO but I see they have a vested interest in suggesting this as they "tipped" the stock.

    The sovereign risk in a place like Mali is massive and we have seen the recent difficulties there last year with uprisings etc - if I was a BGS shareholder I'd take the money and run as fast as I could.

    I have no interest in BGS for the very reason of where they are located......but it does go to show what even poorly located low grade lithium assets are worth.

    Early days yet for GXY for our large Sal de Vida and James Bay assets - let's see what develops with those two in due course.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.