Do you agree with all of my points? Or just the points in that post?
For me, this post / perspecitve is keyA 50% take over doesn't make sense because LPI will not add any value.
LPI do not have any experience taking lithium brine operations to production, whereas SQM do. I think SMQ and Codelco will form a deep partnership, and Codelco, by hook or by crook, will own 70% - 100% of the Maricunga.
Given that perspective, I think a 100% acquisition will make sense.
What do I attribute the value to be?
629,237,560 shares on issue
I would say first offer of about $0.60c USD / $0.90c AUD for around $565m AUD.
That will get rejected, no other suitors for the reasons stated in the above post.
Then I would say second and final offer of about $0.75c USD / $1.15c AUD for around $740m AUD.
There is still another ~$700m USD to be put into the project.
It might be higher, but I think $230m AUD may be enough to sway the largest holder.
Here's the cash, go enjoy.
The board and management would take it, they couldn't have sold when the share price hit highs previously, but I dare say they would have if they could.
Am I right or wrong? I don't know, but this is my perspective.
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