In regards to your last post and the question you asked me, all I am saying to those analysts is don't be a hypocrite. They were in effect scolding management, in the same way we did them for all this manipulation. Yes, some of those asking questions did have valuations higher, but was their money where their mouth is. If they knew the stock was more than 50% undervalued, why not hold a 5% stake in the company or be a top 10 shareholder. Who would throw a way the chance to make such a gain? I for one loved that chance and am extremely undiversified, my money is following my words. I see it is undervalued, I see the long term gain, so I have pumped by hard earned dollars here. I am try to my word when I say we are still undervalued on the ASX and still waiting for more gains. Some people where happy about a $2 gain yesterday, 15%. To many long term holders that $2 was like a 200% gain on the original money put in. The beauty of compunding.
Regarding this post, I think eveyone know the joke in the meme:
Listening to the conference call, the expertise that Livent brings to the table really became clear in the discussion about lithium chemicals. Especially, when talking about the progress Livent had made on the next-generation chemicals to be used for solid-state batteries, which will supersede the carbonate vs hydroxide debate. AKE is struggling to produce battery grade as it is now. Imagine going to that next step. How much profit upside (especially time saving) sending JB spod straight to Nemaska for conversion. That will realise profits that receive probably would have taken AKE ten years to sort out. Valuation-wise, Livent is winning out in the merge, but as a whole, I really think we have more to benefit from than we lose. The emotion coming out of your writing is similiar to mine when the GXY-ORE merger was announced and I believed GXY holders got the short straw, so I understand.
If you look at my attempted calcs in post https://hotcopper.com.au/threads/ann-allkem-and-livent-to-merge-presentation.7377301/page-175?post_id=67730506 you will see that it works out well for us. As holders we will most probably get a better outcome then we could have dreamed being an AU only entity. We will probably recieve a reflective valuation of our worth by the end of this year, instead of waiting for another 2-3years to reach that share price value. This is a good outcome.
I will be voting in favour of this transaction. Time will tell if I am right, but my gut and financial calcs tend to agree.
I could be wrong, I respect your point of view. Challenging each other is how we learn if we critically analyse each other's points of view.
Let's hope for another great day. We still have some catching up to do.
PS. As I copy pasted this, I just saw your GS post. That is very interesting. That is very interesting. Maybe we can spin it another way, hopefully he understands how the fundies want to suck us all dry, and uses that skill/knowledge to counter them and manipulate them for our benefit. Time will tell.
AKE Price at posting:
$14.94 Sentiment: Buy Disclosure: Held
