TTR tectonic resources nl
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According to a statement from Galaxy's Chairman today it appears...

  1. roboshan
    2,526 Posts.
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    15/04/11
    17:02
    Post #: 8274524
    According to a statement from Galaxy's Chairman today it appears that most of the cash is allocated to lithium production ramp-up costs and contingencies in Australia and China.

    It would leave about $35m for debt reduction, aquisitions and working capital. So take over of TTR not on the cards. I reckon they would need at least $100m plus to have any chance.

    Anyway nice thought!
    TTR Price at posting: 60.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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