So whould potential takeover bidders!
You wouldn't expect them to pay a premium price?
The company has been devalued by last May's cap raise and the lack of info regarding the profitability of Mt Catlin mine. It seems ridiculous for the company to transfer
almost a year's supply of spodumene to China and stockpile it there rather than sell it on the open market, bank the money and then use that money internally rather than borrow from a Chinese bank!
Any take-over would have the bonus of a spodumene stockpile
located in China worth $20 mil by next shipment due December.
Moorookamick
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