I was speaking with a friend tonight about this very thing.
Galaxy wise, they are in a comfortable place, ASX200 listed company with some great optionality.
Even for me, whilst it appears the POSCO deal will go through, I don't think they really need it to move on Sal De Vida. - It would be a nice to have.
Lepidico wise, there are some small hurdles ahead yet, I haven't noticed Peter Bacchus invest in Galaxy and seems that for a board member of Galaxy not to invest there... he sees a potential move across from Lepidico to Galaxy at a favorable price (scrip for scrip)
I think the DFS will show a bit of optionality for Lepidico and any company that would like to invest or take them over.
Take over wise, I only really see this going one way and the question on my mind is... When?
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