Redrun,
he didnt mention as i didnt talk to the person capable of decision making.
in my opinion, Lanshen as a company would not be able to bid for the project, but one of Lanshen's shareholders is, i.e. Minmetals.
Certainly Lanshen has a place in the project and that is technology supplier. Like Koch in the Standard Lithium project, which fetched US$150m yesterday for 50% stake.
Reality is that you can't control the market (price) but William can control the timing of the sale. It was not a hostile offer. It was William reaching out to them ( only Chinese battery company) because it was HIS decision, and negotiating a SALE. What's the rush...??
William says 4 or 5 fold in a couple of years. WRONG again. It has been 3 (Three) years, not 2.
Consensus is that market is picking up again.
the only solution to William's f%$ up proposal is that another company comes up with a better deal.
if they have some exclusivity clause.... shareholders still votes NO and then moves to the better deal (if it appears)
if they don't have a clause to preclude, then a price competition should start.
regardless of where they invest the money next, the offer has to be improved.
WILLIAM commented that they were removing development risk by selling....hahhahah. Hello! You are removing ALL the risks...you are removing the project too... haha
it is like killing the Goose of the golden eggs, to avoid risk of Salmonella.....
- Forums
- ASX - By Stock
- LEL
- VOTE AGAINST SALE AT BOTTOM OF CYCLE
VOTE AGAINST SALE AT BOTTOM OF CYCLE, page-38
-
-
- There are more pages in this discussion • 67 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LEL (ASX) to my watchlist
|
|||||
Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $43.68M |
Open | High | Low | Value | Volume |
39.0¢ | 39.0¢ | 37.0¢ | $7.047K | 18.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25590 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 1300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25590 | 0.370 |
2 | 22739 | 0.365 |
2 | 105547 | 0.360 |
1 | 50000 | 0.355 |
3 | 13010 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 1300 | 1 |
0.380 | 44254 | 2 |
0.385 | 8000 | 1 |
0.390 | 4780 | 1 |
0.395 | 331466 | 1 |
Last trade - 12.47pm 03/07/2024 (20 minute delay) ? |
Featured News
LEL (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online