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Tinwins

16,006 Posts.

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27/10/23

09:17

Post #: 70568470
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Originally posted by e350 ↑

More on where l left off yesterday,Albemarle not going away and neither is Gin.. R, (now 20% owner of Liontown) she may spoil SQM party at Azure as well ,only speculation on my part of course.
M&A galore going on and this is while the Lithium price is 75% on its highs.
Early reports suggest Rinehart could be trying the same tactic at Azure Minerals (ASX:AZS), 60% owner of the promising Andover pegmatite discovery, whose Tony Rovira-led board accepted a $3.52 per share cash bid from SQM yesterday valuing the miner at $1.63b.
Intriguingly, that offer appears to value legendary prospector Mark Creasy’s private 40% stake in the project near Roebourne at $1.08 billion. Codelco meanwhile tipped a big premium in for Lithium Power International (ASX:LPI) in a 57c a share offer to take out the ASX-listed owner of the Maricunga project in Chile for $385m.
If the other major players are as bullish as Albemarle, don’t be surprised if more M&A arises, with the big American also making early stage bets on Western Lithium, a $30m purchase of an LPI spinoff that held tenements near Greenbushes, and Patriot Battery Metals (ASXMT), where it tipped C$109m in for a roughly 5% stake and foot in the door of the owner of Canada’s second biggest spodumene deposit.MEI do your thing!!! DYOR please,

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Gina doesnt have 20% of LTR yet maybe later ?

MEI Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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