Why LTR will get to Production VS Take Over, page-83

Hi Dyno fish, if you read the ann, it's a non-binding offer, there are conditions to make it binding,

1. Albemarle satisfactory of its due diligence
2. the board unanimously recommending the proposal.
3. entry into a mutually acceptable scheme

The number 2 is interesting as if it is more than $3 the board can't recommend the proposal and would not proceed to a binding offer and no need for the scheme at all, maybe inserting Gina onto the board to vote no to protect her asset would be another way.

Albermarle can't up their offer as it is their best and final, unless another offer has come in then they are stuck. so as long as it remains above the $3 it's not in best interest for SH so this goes no further and never becomes binding.

it will all reveal itself over next few months.

good luck to you all