KoBold Makes Offer for Congo Lithium as Country Courts US, page-2106

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gbgirl

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27/05/25

13:11

Post #: 79204416
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Originally posted by DannyC25 ↑

I take supposed past $1/share offers with a grain of salt. A Board has a legal obligation to present any offers to shareholders with a recommendation e.g. "we are of the view the offer is too low & recommend shareholders do nothing". I've been involved in a couple of takeover offers & the Board has put all offers to shareholders with their recommendation. On a different topic, RIO's name keeps bobbing up as a possible suitor. While they would be welcome I doubt at this late stage they would be involved b/c the DRC Govt will have the final say on who the players will be. RIO could be part of KoBold's solution but I doubt it would be a clear cut KoBold vs RIO. Also, it's worth remembering we don't own Manono, the DRC Govt does. We've spend over $200M to prove up the resource via drilling & no more (there's value in the IP). The greater risk is spending a billion or two or three to build a mine & supporting infrastructure & then have the DRC Govt change the mining rules e.g. doubling royalties or having caps on production quantities. Just my two bobs worth. But hey, what would I know as I don't have my ears & arse near the ground.

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KoBold are the buyers and Rio Probably will be the miners to keep it simple IOHO!?!
A Question if they want to get this the Market as quick as possible.
WHO will be the Miners. ( KoBold are not miners but Investors )!?!
The price AVZ will get will be all ready agreed upon we thinks !?!
Be Happy with what EVER the Price is GLTA.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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KoBold Makes Offer for Congo Lithium as Country Courts US, page-2106

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