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16,083 Posts.
3130
10/09/23
12:25
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Yep can definitely see the great exodus of LTR holders gradually over to AZS to make this LTR 2.0
LTR looks like it hopefully has another 20% upside if a bidder war starts so that's circa $7 billion eventual sale.
If AZS achieves similar value and @ 60% that's $9 per share for us here.
I believe AZS will get to such valuation with MRE + Metallurgy + PFS
But in any suitor's mind , why pay $9 per share when they can pay $5+ per share only and take this out at an earlier stage
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