Yes
@ThinkMillions ... they can downplay it all they like, but why go to the expense of appointing these guys if they weren't getting serious IMO
.... also good to see the footnote confirming first sales in Q2 2018.
GLTAH
APPOINTMENT OF CITIGROUP AS CORPORATE ADVISER
Altura Mining Limited (ASX: AJM, “Altura”) is pleased to provide an update regarding the ASX announcement in reference to a proposed control transaction involving Altura dated 15 March 2018. Taking into account of the potential for a change of control proposal and the globally strategic positioning of Altura as an emerging producer of lithium raw materials, the Directors of Altura have decided to appoint Citigroup, the leading global Corporate and Investment Bank, to act as corporate adviser to the Company.
Citigroup will assist the Company in considering potential interest which may emerge from J&R Optimum Energy and other local and international parties.
Altura has also retained leading law firm Allion Partners to manage the legal process of any potential transaction. Altura reiterates that at this stage there is no certainty that any transaction will proceed, and if so, on what terms. In accordance with its continuous disclosure obligations, Altura will keep the market updated with any developments as necessary.
Further announcements will be provided as necessary as the operation moves towards its Stage 1 production target of 220,000 tpa of 6% grade Li2O with first lithium sales on track for Q2 2018.
The Stage 2 expansion Definitive Feasibility Study remains on track for completion by the end of April 2018.
