Its NOT for sale is my take, certainly not at the bottom of the cycle. Yes it may not trade at the price offered. Thats an opportunity due to the structure asset not company, but clearly they have placed a value on the primary assets. Thats an opportunity.
A strategic coming on board to help the balance sheet now should be easier.
This has elements of AKE about it. It was pretty general knowledge that RIO was sniffing, yet Li was so un loved barely anyone got on board. Thank you!!!
Invest in un loved assets and companies. GLN fits that bill.
GLN Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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