1.65 GXY for one GMM share is a good deal. GMM is still...

1.65 GXY for one GMM share is a good deal.

GMM is still currently undervalued if they wait too long to regain their ownership and destiny they will never fulfil its potential.

It is not an attractive takeover target with only 50 percent share.

Combined group selling 120 tonne of lithium at $600USD-700USD spits out annual revenue of $100-120M in aussie dollars. (2017 production)

If they spend $40M in production (high side) that leaves $80M.

Apply earnings x 10 gives MC of $800M.

Over 1.6 billion shares is 50 cents.

What we get is a earnings powerhouse, ASX200 according to some people, ability to borrow, takeover potential, (SDV and James Bay for free).

So we can all whinge or just buy and wait for the BOOM!

Diltuion and a bad deal would be 2 GXY for 1 GMM. But a 10 percent premium for control and future takeover potential why not!

Remember GMM is undervalued. Next year it will generate $50M aussie dollars in revene vs it MC valuation of $210-220M offered by GXY.

So why so sad? Only if you cant understand numbers and be on the sharemarket.

Thats the sadest part no appreciatation numbers hence australia needs to focus on education.