Ok at this stage it is pure speculation but based on the number of shares traded since the WES bid on KDR (almost 100,000,000) at an average of 1.885 and the most recent KDR announcement. There seems to be another interested party in KDR. Should know for sure by the end of July I suspect. If WES miss out then there is a good chance they will turn their attention to another Oz lithium miner. If this happens and they target GXY. What price will shareholders be happy with? Remember KDR was around 1.34 when WES offered their “premium” bid of 1.90! IMHO DYOR
GXY Price at posting:
$1.34 Sentiment: None Disclosure: Not Held