Peter Kerr diasagrees with your calculations.
He states in his poorly researched article from 01.12.2023 that
AKE shareprice has lost only 40% in value since ther merger was announced:
Allkem-Livent’s $9b lithium merger wins proxy support
https://www.copyright link/companies/mining/allkem-livent-s-9b-lithium-merger-wins-proxy-support-20231201-p5eoa7
...
Both New York-listed Livent and ASX-listed Allkem have lost close to 40 per cent of their value since the deal was announced on May 9. But the proxy adviser (Glass Lewis) said those declines are consistent with the broader lithium market performance in a year where prices for the battery commodity have slumped...
Who is correct? Someone is lying!
Well Glass Lewis is wrong because AKE has disproportionally lost in value (>20% compared to its peers) thanks to the Livent reverse take over approach.
Peter Kerr is wrong because anyone holding AKE since the merger was announced knows that AKE's shareprice has been basically cut in half.....
Peter, that is how much %?
So, what is the purpose of an article that states factually wrong information?
You got it.
This article is to convince the uninformed AKE holder that everything is fine, nothing to see and nothing to worry about.
IMHO, this article is achieving exactly the opposite.
There is a lot to worry about!
F@#$ the merger!
