Ann: Administrators commence recapitalisation process, page-56

I think folks are not appreciating the true value or worth of Bald Hill, regardless of it's current status. What third party buyers are bidding on is a future supply source of lithium concentrate available in a ready built mine.

Considering it takes on average of 3 to 4 years to bring a mine online,  even $200M is peanuts to secure this asset. There is also the quality of the ore which is known to be at a premium plus the mine location here in WA.

Most important aspect of BaldHill though is that the ore supply is not secured by anyone. How many lithium mines currently being built are not yet secured in offtakes (not including the two African plays)?  

Bidders would be very short sighted to only make a bid on it's present worth and lose their chance on securing a future supply to save a few dollars today.  GXY already tried that approach and made a mess of it - Now everyone can make a bid for it.  

Haplo