they missed out on both AJM and PLS and already have a significant exposure in the brine industry but strategically should be looking into increasing their footprint in hard rock.
GXY has both the cash (from recent sale) and upstream backers to support such a manoeuvre. Chinese heavily involved as well so supports infrastructure upgrades.
stumping up the capital for the plant for a stake in AVZ would concrete them as a massive force with exposure across multiple continents, grades and operations.
if I was head of GXY I'd be having serious discussion with avz about a JV. IMO they may become irrelevant longer term as they do not have a great hard rock resource exposure and are currently divesting their brine operations.
Strategically clueless IMO
SF2TH
AVZ Price at posting:
4.3¢ Sentiment: None Disclosure: Held
