a revaluation of the companies assets to MTM (market to market) would occur for sure. done mainly by the big fund managers that is. we would be a hot iron ore stock with cash reserves and production potential this year.
The value of new mines like the lithium is never acknowlged on balance sheets except for costs of development until production has started. EG prominent Hill OZL etc
PT had organised for a independent valuation of RLL assets which we will proabbly see at AGM. This was required for the de-mereger.
Being cash up the de-meregr goes ahead. and as stated by ADY previouly the RLL separately listed company would achive a premium to markt of 25-75% because lithium has high profitability yield.
Any major buy is dam good news.
Bringing another investor like WISCO would also cash us up for production capacity increase and mines development far quicker than we can do on our own now. plus guarantee some supply. while price to WISCO keep be cheaper than market it would also give us bankable contracts that we can finance against. also we could see our $40 million owed by Santa Barbara repaid quick. wouldn't that be nice.
upside. gets us to full market produciton within probably two years instead of 5 years or so in current environment.
Good news is on its way. this will be the big turning point for this co.
Also always these are my own opinion DYOR.
ADY Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
