Ann: Update on Albemarle proposal, page-116

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13/10/23

08:56

Post #: 70322200
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Originally posted by eastwest101: ↑

Am I the only one thinking that Albermarle requested the 1 week extension for one obvious reason?

The Kathleen Valley project hasn't changed and its the same project that they were interested in months ago with their earlier approaches to the LTR board that were rebuffed. Whatever gamesmanship they were playing by going best and final at $3.00 looks silly now as they have painted themselves into a corner with Gina Reinhardt buying up to 19.9% of LTR. So the only thing that Albermarle really have to think about is what does Gina want? I think its reasonable to assume that Gina does not want to to to 100% of LTR and sink $7Bn into Kathleen Valley herself on her own, this must be about dealing herself into the downstream production chain within WA and possibly a bit of "De-China-fication" of the Li market.

You would have to think that Albermarle, Tim Goyder and Gina can negotiate some way forward to get this Li out of the ground, and into US/Japanese/Indian/South Korean hands. Linking Kathleen Valley to downstream Li intermediates/processing in WA also throws a FIRB protective blanket over the entire WA downstream processing chain, and will help de-link Li from the shenanigans of the CCP in Beijing. That's what the WA government want, the Federal Government wants, South Korea/India/Japan and the US customers want, and what Australian investors want, to prevent the wild cyclical manipulation of the Li market by one bad actor sending producers broke by manufacturing downswings and then expropriating the resources at below market prices like we saw at Bald Hill. No point waiting for the ASX or the regulators to do something about China, Gina has obviously thought that she wants to be brought into the negotiating table and do things on her terms. If Albermarle can view this as an opportunity, and not an impediment, then they can get this done.

The other uncomfortable possibility is that if Albermarle throw their toys out of the cot and walk away, there is a remote possibility that RIO or even Twiggy could come in with an alternative offer and Albermarle will be dealt out of the Kathleen Valley game completely.

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Nobody is going to go to 20% when Gina is already at 20%.

The theories on here are getting ridiculous.

LTR Price at posting: $2.87 Sentiment: Sell Disclosure: Not Held
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Ann: Update on Albemarle proposal, page-116

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Ann: Update on Albemarle proposal, page-116

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