Ann: SPP to Close Early, page-65

Yep can definitely see the great exodus of LTR holders gradually over to AZS to make this LTR 2.0

LTR looks like it hopefully has another 20% upside if a bidder war starts so that's circa $7 billion eventual sale.

If AZS achieves similar value and @ 60% that's $9 per share for us here.

I believe AZS will get to such valuation with MRE + Metallurgy + PFS

But in any suitor's mind , why pay $9 per share when they can pay $5+ per share only and take this out at an earlier stage