GALXF - Galaxy Resources Takes A Strategic Stake In Alliance Minerals Operator Of The Bald Hill Lithium Mine
Source: Google finance
Following the strategic placement announcement by Alliance (ASX: A40) on the 16th of May, my podcast co-host Howard Klein and I chatted with Mark Calderwood, the CEO of Alliance, to discuss the recent hydroxide MOU with Jiangte and the A$32.5m equity capital raise. A summary of that discussion and my views on Alliance and Galaxy's investment return potential are incorporated below.
Alliance has had a tumultuous time of late; in December 2018, it had to overcome ASX issues to finally achieve a scheme of arrangement between Tawana Resources NL and Singapore listed