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Hypex

116 Posts.

26

28/06/21

12:38

Post #: 54116449
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Originally posted by dimeuleh23: ↑

JL is right.

The extension period outlined in the announcement was purely for exclusivity - so LCK does not discuss it with any other parties. This doesn't mean the deal essentially will be done by June 30th extension period deadline, unfortunately.

The problem here is the market and a lot of people would have expected the deal to be done by this date because of the extension announcement.

The Heads of Agreement between LCK and DL E&C Co Limited announced on 4 May 2021, granted an
exclusive right to negotiate the terms and conditions of a proposed Agreement by 31 May 2021. Both
parties, by mutual agreement, have approved the extension of the exclusivity period to 30 June 2021Honestly, who knows.. fingers crossed it's sooner than later so the SP doesn't drop too much further.

Expand

I'm pretty sure Phil mentioned in the MST Access zoom interview that he was confident they could hit the 30th June date.

LCK Price at posting: 14.8¢ Sentiment: Hold Disclosure: Held
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