"It is hard to pin down passports of backgrounds," Tse said. "But we have had the gamut of interested parties from end users to industrial materials companies to other industrial groups and other miners," he said.
on another note, from a capital management perspective, I would love for Galaxy to announce capital raising to institutional investors at well above current share price. eg raise $100m at $5 per share.
When significantly over subscribed the share price will re rate straight to $5 burning every single short held. The compounding effect would be enormous.
The insos would be happy to pay overs for a small parcel as they would understand the end result on the share price. Dilution on $100m @ $5 would be negligible and more irrelevant with the share price appreciation.
I think management need to fight fire with fire. ALB is shorted about $1B. GXY and ORE heavily shorted. They wont cover unless forces to do so IMO. Unexpected is whats required.
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