Australia's largest stock trading and investment forum Australia's #1 stock forum

G1A

Click for more information

0.00%

5.9¢ galena mining limited

Today’s close at 39c to say a take over offer at 65c is a 50%...

First 16 Last

Share
Profile

Follow
Geohatrick

120 Posts.

34

02/05/19

17:28

Post #: 38380855
Share

Originally posted by rhino78 ↑

Yes big difference in my view is that ABRA is all but fully funded and there are very few tier one assets like this around.
There are a large number of lithium miners out there so less bargaining power, and they have been on their knees for a while now.
With this being the case I would say Alex and co are going to be able to negotiate pretty hard with any potential suitor. Can’t see anything below 65c-70c getting considered at all.
Anyway let’s see how go. Great stock this one, happy either way it goes.

Expand

Today’s close at 39c to say a take over offer at 65c is a 50% increase... pretty similar to what kdr has achieved.

I also wouldn’t say they are that different kdr was “all but fully funded”, had a tier 1 resource, almost all capacity on offtake agreements and was building a converter in Australia.

Both great projects and resources which is why I own both

G1A Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 45 more messages in this thread...

First 16 Last

Add G1A (ASX) to my watchlist