Why would you accept a takeover offer? CXO sales of spodumene is 100,000 tons annually and has committed 410,000 tons of spodumene of sales which improving recovery and optimisation so will be larger than 100,000 tons. Then you have additional supply from their company making mine at BP33 which will blow this output out the water. This will still put this well north of $1 and heading towards all time highs.
You get a takeover it’s most probably a low ball $1 which compared to LTR we are in a better position for a significantly high return of investment. Now that the company is cashed up of around 400 million dollars to spend for further resource upgrades and further discoveries there is a big period ahead
Banter and general comments, page-31720
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10.3¢ |
Change
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Mkt cap ! $219.0M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.9¢ | $641.4K | 6.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1762513 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 6695993 | 88 |
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