Industry consultants Roskill thinks Galaxy Resources (ASX:GXY) could make a play for Alita Resources (ASX:A40) as the latter struggles at its Bald Hill lithium project.In a note earlier this week, Roskill analyst Jake Fraser noted the struggles Alita was going through at Bald Hill — including news earlier this week that it had received a notice of default on a key loan.Alita’s reasons for the default included the challenging market conditions for lithium producers, with an oversupply pushing down the price on the spot market.
https://unauthorised investment advice/resources/alitas-lithium-woes-an-opportunity-for-galaxy-to-make-its-move/
