The Critical Minerals Strategy 2023-2030 is a hurdle.
Its only 8 months old so Gov has to be seen to be acting in a manner consistent with it. It it was not for this policy MP would go hostile - may go hostile in any event.
MP would have been advised on high likelyhood that FIRB would rule against a takeover. Therefore path of least resistance would be merger - although US companies don't lile powersharing.
However, next indicator may be press comment on how it is in Australia's National Interest that our Strategic Materials are more intergrated in the essential supply chains of our allies. This, it will be argued will make us more relevant and and a more important player. Nations will take greater notice of what we say. This will be the spin.
If that spin gains traction, the path will be cleared for FIRM to approve a LYC takeover by MP on the basis that it is in Australia's National interest. Yes, white is black; war is peace.
LYC Price at posting:
$5.68 Sentiment: Hold Disclosure: Held
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