Ann: Liontown rejects Indicative Proposal from Albemarle, page-622

It’s patently obvious that the market was prepared to raise the SP to the “tongue in cheek….almost brazenly insulting” $2.50 offer.

the cat is out of the bag now for all investment bank sentiments for “viable” lithium miners, be it developers or producers. Oversupply bs seen for what it is. Of course no one wants to buy anything at a higher price than what you can get or what it is patently worth. I bet no one refused to buy LTR at $0.83 when they could on principle because they knew it was worth $10.

if a carton of grange hermitage was selling at $1000 you would buy it just like you would buy it at $2000. But at $1000 you buy two. We all know what it will eventually sell for. If a wine collector offered to buy your cartons for $1200 would you tell the whole wine market and risk premature downgrade of the price? Or would you wait for a serious offer?

albemarle is like the bully who wants all the chocolate eggs at the Easter egg hunt. It knows that the closer it gets to the day of the hunt the less chance it has of persuading the kids not to bring a large basket or to hang on tightly to those that they have collected.

“Dear LTR shareholders. Let us relieve you of your anxiety over whether your “sure thing and we know it is” investment will reach fruition, even though we all know it can’t miss. We will give you 10 cents in the future dollar if you allow us to bend you over and quietly/gently rub your head from behind as you reflect on your years of patience. ““Now. Doesn’t that feel more calming”