Ann: Becoming a substantial holder, page-6

As every know, both GXY and ORE are LI producer having long term high grade assets. In last 2 years, company has made many progress, become producer, making multi millions profit every quarters, clear debt and holding $400m cash and the share price is still lower than 2 years ago. I think it is the best time company buy each other shares on open market. This strategy is better than buy back option as it involved complex compliance and ASX processes. I would suggest both companies spent $50m to become 5% shareholder of each other company. They can back one another and avoid any hostile takeover at low price and stop shorter from keep shorting shares.