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01/11/23
21:07
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Originally posted by ljcamp:
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at $6.1b market cap GXY assets proportionate to current market cap: x0.569 = $3.5b less cash $500m approx aud$3b producing asset mount Cattlin SDV nearing mechanical completion James bay final stages of environmental approvals therefore: Olaroz stage 1 and 2 cachauri naraha $2.6b less cash $400m aud$2.2b liontown take over offer at $6.6b Azure take over offer at $1.6b im sorry but if the isn’t a buy back announced from either AKE or Livent or both then they are not fairdinkum and what is communicated in the calls and quarterly regarding market fundamentals are hot air. when have bucket loads of cash, start buying because I don’t see better return on capital than on our existing assets. not advice.
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remembering that Azs takeover for $1.6B is only 60% of the deposit. Creasy owns the other 40% privately So likely full takeover would be somewhere around $2.7B Crazy stuff