I actually look at this PLP deal as a negative for LIT.
Prior to this deal, LIT was the only game in town on the ASX when it came to lithium processing technologies, now the "big momma" is RTOing.
IMHO, Lepidico, and therefore PLP, should be capped at a heck of a lot more than LIT.
This means that either PLP is cheap or LIT is expensive.
Either way, for those looking to play lithium through the processing route, LIT is no longer the main game.
And saying that friendly parties will be involved in PLP because Adrian Griffin will end up holding about 3.4% of PLP is being a bit naive IMHO.
LIT Price at posting:
14.5¢ Sentiment: Sell Disclosure: Not Held
