We are all behind Tim Goyder and his team. We are his team!, page-494

Following on from anatol's very informative posts it seems that ALB are in a difficult situation trying to remain at the top of Li tree.

My current view is that ALB are likely to fail for a number of reasons:
In all take-over talks there is a Business-as-Usual clause which would mean that LTR would be close to production and revenue & de-risked, with the capex spent, increasing the value of LTR.

What LTR is worth today is not the point assuming that the current plans are executed because even in a depressed Li market (in which I don't believe) a finished producing mine is worth more, MUCH MORE.

The big problems for ALB is one, Finance they don't currently have the ware-with-all to complete the purchase, AND, they will need FIRB approval. The Gov. seems to be sending messages to industry to bring on-shore down stream processing: think Lynas. Do you think they will allow the TO, I don't. Also I think the hedge funds and other predators will acquire blocking stakes.

The FIRB has never been known to act swiftly, I can see this rambling on for about 18 months & dying from sheer exhaustion.

Anyway, all fun & games as the feathers fly.