Hopefully before the company trades they outline a broad plan.
Though if it is predominantly to go in search of a project then the SP will unlikely trade anywhere near cash backing.
The best way to make any potential deal share price accretive is a merger IMO. A company with a decent asset, but needs funding and is still yet to agree any offtakes, or certainly have capacity uncommitted. This could tie in with Ganfeng for those wanting the downstream exposure.
Forget pegging new tenements and hope for the best. The good stuff has gone. There is no shortage of Lithium, but finding commercially viable is the hard part.
Buying a project or company? Unless it’s distressed then where are we adding value? Most distressed assets are distressed for a reason - They are crap.
Any decent company will want a decent price for their SH’s. A premium. No value added.
Simon has shown he can run a team to build a mine on time and pretty much on budget, with that and the cash LLL can bring a lot to a table with a merger.
There are a few companies that fit the bill for a merger that would almost certainly value add to both groups of shareholders. Win win.
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