I don't see any sense in breaking it out at all. Certainly it would just make itself a much, much higher takeover target which, if a company has great growth prospects, will always rip off the current shareholders. Not to mention that SMS wouldn't sell their half, it would never turn its back on a 50%-owned, multi-decade factory building gig. The only company on the planet in a position to take us over here is SMS themselves, and why would they when they get half the business anyway and don't have to worry about the tech.
But yeah, our Li recycling business is very undervalued in our market cap. For now![]()
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