SeeTheWorld, I could not agree with you more, I find it incredible these analyst getting angry at the deal and its merits when AKE has been undervalued by half all this time. Where were they all the previous calls saying you are so undervalued compared to peers etc. Why were they not getting lobbying their funds management to buy.
This merger is happening because the lack of foresight of local funds undervaluing the company for so long. If the stock price was averaging $20 then this would not be going ahead.
While it would be good to get a better valuation, I always believed that if AKE combined with anyone, it would be Livent as the assets line up the best.
Ultimately, this merger has done more to recognise the value in AKE than anything anyone has done in the last few years (based on the substantial share price increase).
I voted against the GXY/ORE merger, but I'm inclined to vote for this one to get away from these short sighed local analysts.
AKE Price at posting:
$14.88 Sentiment: Hold Disclosure: Held
