It's an interesting theory but I cannot see our board of directors endorsing a low takeover bid. In fact if they did I would suggest that making such an endorsement could actually be a breach of duty as it would not actually be in the interest of shareholders. The company has been talking up the lithium industry, demand growth, supply restrictions in presentation after presentation since I can remember; it's all "blue skies". To cave in for a low-ball offer just wouldn't do. They would have to justify the capitulation. That would be no mean feat.
ORE Price at posting:
$1.60 Sentiment: None Disclosure: Held
