Ann: RIO: Rio Tinto confirms approach to Arcadium Lithium, page-262

Hello dgb and Monte, I understand you both are fellow long term holders and wish you well along with all the other long suffering, long termers. I think If RIO try to low ball it could be part of the psychology of a strategy pending further bids. But as I say, I cannot fathom our management coming forward with any recommendation of accepting a $7 AUD offer, how could they try to spin that one to us? I think RIO would know they cannot, and if they didn't know, i like to think management would be informing them of such. I am more inclined to think Rio have had a target buy price for some time and this stock has now gone lower than they or almost anyone would have even expected, and they've patiently watched where the market has been going and now decided the time is upon us to step in.

If RIO was interested back when our stock prices were say 10$,had they stepped in and approached to bid it would be at a much greater cost than what they can potentially take it for now, so if a target is to try and take us for anywhere in some 9 to 13 $ type range this is their best chance. If RIO boss says they are looking to the future, then now we wait to see if their bid will reasonably reflect that, because at $12 I agree Monte it is a steal that would probably have a good chance of getting through. What Arcadium has is too good for RIO to pass up imo.

Besides costing more if they waited any longer and the market started going further upwards, our old mate Gcar made a very important point earlier about the opportunity that would be lost if RIO had to build what we have themselves. The time it would take, the delays, the unknowns and blowouts could cost them far, far more, especially if they miss a decent increase in lithium prices during that time where they could have otherwise been producing already, which there is a good chance of this occurring since we are talking about years in time span, but on the other hand there is no chance of missing out if they take out Arcadium now. No other suite of assets under one roof out there compares, so how much do they want it?

I hope I am right in thinking an offer around 7$ AU is not even in RIO's thoughts. I had a feeling they already understand that it won't cut it. Anyway, this whole situation might just be a good test to see who this Arcadium management is really working for here, and how much guts have they got. Good luck friends.