Ann: Extension of Voluntary Suspension, page-36

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Linzy

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05/01/19

15:26

Post #: 37033047
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Originally posted by Exceller ↑

Already seeing consolidation in the sector. Although a little old, I don't think the story below is dead and buried yet. Considering GXY's SP, hope their buying with scrip! Wouldn't a battle between Galaxy and MIN be nice?

https://www.copyright link/street-t...d-put-galaxys-focus-on-tawana-20180927-h15yaz

Taxing times could put Galaxy's focus on Tawana
By Sarah Thompson and Anthony Macdonald
28 Sep 2018 — 12:15 AM

When Galaxy Resources raised $386 million from the sale of some lithium tenements in Argentina in May, the money looked destined to be spent on construction of its $US474 million Sal de Vida lithium brines project in Argentina.
But the introduction of a new tax in Argentina and a sharp fall in the share price of Australian lithium producers could see that money spent closer to home.
And few lithium miners are closer to home for Galaxy than Tawana Resources.

Tawana's $173 million market capitalisation could be acquired by Galaxy using less than half the proceeds of Galaxy's recent Argentinian tenement sale.
Well-placed sources told Street Talk on Thursday that Galaxy was sitting just below the 5 per cent ownership level on the share register of both Tawana, and the Singapore-listed company that is currently merging with Tawana: Alliance Mineral Assets.
Galaxy had declined to comment at the time of going to print.

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A battle between GXY and MinRes, may well be the best outcome.
1 it'll boost the SP of A40.
2 it'll launch lithium into the public eye and drive demand for shares, across the industry.

Time to bunker down and hold fast.

DYOR.

A40 Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Ann: Extension of Voluntary Suspension, page-36

Top Stories

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Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M