Ann: Non-Binding Indicative Offer by Core for Charger Metals, page-10

CXO's offer is more than reasonable. CHR whiners claim their are undervalued. Who's not "undervalued" at this market? On July 24, just before this proposal, CHR SP was 5.7c while Core was 9.4c. 0.9 share of Core gives CHR 57% premium ((9.4*0.9-5.7)/5.7).

Yes, all Lithium shares are "under valued" in the current market, not just CHR as their holders grieving for. That's why script merge is fairer. They are exchanging "undervalued" CHR (all time high $1.03) shares with "undervalued" CXO shares (all time high $1.87). If one blieve in this "undervalue" narrative, he/she can hold and wait for the return via CXO stock exposure. If one is already regretting in Lithium speculation, now he/she can get out of that with 57% better.

We don't know how long this Lithium doldrum market will last. If CHR stands alone, it has very high chance of going into admin or at least diluted to abyss. One type of the most disgusting personnel are who always think they get taken advantage while someone reach out to them really friendly. Yes, you get it, the CHR board is disgusting - failing this merge certainly good for them to stay on payroll.