GXY 0.00% $5.28 galaxy resources limited

takeover potential

  1. 67 Posts.
    Do anyone here notice that the takeover bids made by Hong Kong investors for BRM, FRS and BCI all have three common points: (1) near production (within 12 months or so) which will provide profits to the company; (2) in capital size wise, all are similar size of $500 millions; and (3) resources needed by Chinese market. I strongly believe the bidders are working for the Chinese investors from the mainland (to EASE the fear which the Australians have and the Australian Government as well). Base on these points, I do believe GXY may be a POTENTIAL TARGET in the coming 12 months period:

    (1) processing plant ready for use by mid 2011;
    (2) capital market of $300 million;
    (3) raw materials materials for batteries, an essential for the massive Chinese e-bike and electric cars market;
    (4) Iggy Tan has close Chinese connections with the Beijing policy markers and Nanjing local government officers; he also speak the same language and share the same culture;
    (5) ready for Hong Kong listing (which will attract more bidders).

    Comments are welcome !
 
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Currently unlisted public company.

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