Collectively GXY and JP Morgan own 15.5% of LPD at just over 442 Million shares.
With the deal to be struck with GXY and POSCO shortly and JP Morgan juggling the balls in that deal, is LPD being looked at as a TO target with a cashed-up GXY or will LPD be seen as a strategic ally?
AT has a great poker face and even better patience it seems.
Don't forget the placement of GXY's Brian Talbot on LPDs Board in January 18
"Mr Talbot joins the Board as a Non-Executive Director and shareholder representative of Galaxy Resources Ltd, which holds a 11.9% interest in the Company. Mr Talbot is the General Manager of Galaxy’s Mt Cattlin Operations and brings over 25 years’ experience in both mine management and processing of lithium ores. He was most recently with Bikita Minerals in Zimbabwe, where he was instrumental in expanding plant throughput and increasing metallurgical recovery. Mr Talbot holds a Bachelor of Science in Chemical Engineering from the University of Witwatersrand, South Africa."
Once the P1 plant delivers what it is supposed to, will we see GXY having more involvement in LPD's direction?
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