It is going to be very interesting to see how it pans out...the way the LTR board so abruptly rebuffed Albamarle sent a strong message that "those who own the rock" (to paraphrase Chris Ellison), are gaining the ascendency. From what I read, expectations now are that the supply/demand imbalance will revert to the Chinese pre-destocking circumstances over the next quarter. I think TLEA will provide a sweetener to get it over the line because they may not get a second chance.
Unfortunately, if this is successfully purchased by TLEA I expect the resource will sit idle for years while they focus on their other assets and the inept ESS management will walk away with a golden handshake.
regards
DF
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