I’m guessing SK hasn’t gotten as big as it is by paying 2-3 times the asking price for things.
Big groups don’t often pay over the odds unless it’s a hostile take over regarding a direct industry competitor & there are no other options for the buyer.
The buyer in this instance has other options ( supply of minerals ), & it is not a deal with something that is a direct competitor to any space that SK are currently involved in.
There are other juniors who have not missed milestones or fallen behind in the ‘race’ to production. There are others with lower market caps & greater resources.
Anyone who thinks that they will pay over the odds has never worked directly with Koreans.
When I say work with I don’t mean as workmates. I mean as supplier/consumer or boss/employee. Be prepared for changes to the conditions of the arrangement if they do pay anything over market price for their shares.
I can hear ‘nappunnom’ from here in NSW if they do pay anything more than 10-20% above market rate for their shares, if they ever do buy in.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)