I disagree. Firstly the dilution is minimal - an extra 12% of...

I disagree. Firstly the dilution is minimal - an extra 12% of shares on issue with an extra $30M to add to the market cap. And secondly, if they had waited until selling the LiCo3 to make money and then proceed - they wouldn't be in the position of being the worlds largest pure lithium play - maybe another company would have taken over Li1 - or maybe they would become too successful and hence expensive to buy out. I just think we need a couple of months patience and after this takeover is done and dusted we'll see a re-rating. I'm surprised the shares are trading this low but it's no use fighting the market. GXY now has even greater potential because of Iggy and the board - I understand short term the market doesn't agree - but I think that will change.