Movements in the share register should give a very good indication as to whether a takeover is imminent but unfortunately retail share holders do not have access to that.
It is interesting to note that there has neen no anns of major shareholders accummulating at the sub 80c levels. From memory the last ann was at above 90c.
No doubt the brass are in China for the hot commissioning process and a positive ann should send SP north of $1. The question is if this happens, will the brass return via Hong Kong to revive the HK listing. A significant SP lift could trigger the HK listing with a serious cap raise which could put a brake on SP and inadvertently give a potential bidder the opportunity to buy-in at a discount price with the comfort that the li-carbonate plant has been derisked.
If such be the case, I guess most retail shareholders like yourself would prefer that their board rejects such offers unil GXY adds value later in production.
Only time will tell if long term retail shareholders' loyalty will be rewarded or if a takeover deprives them of the long term rewards they expected.
Cheers & good luck Moorookamick
GXY Price at posting:
28.8¢ Sentiment: ST Buy Disclosure: Not Held
