this wretched time with the sp collapse reflecting the depression of the lithium market ( and no longer McDermitt’s potential) will be weighing on LD usually a very commercially patient person.
However, I think the time frame of normalisation of the lithium market (say up to 3-5 years) will approximate the progress of McDermitt to its marketable max say $50 ps . A convinced and canny POSCO looking for a bargain ahead of time and LD under the pressure of the circumstances would both choose to act before that, say within 1-2 years at ~$12 ps knowing that compromise on sp longer term would placate investors.
A precedent for this is JRL’s offload of Energy Metals 20 years ago an accompanying rapid increase in sp and a 55c ff Div.
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