Maybe think about it from the alternative - ALB strikes a deal with Gina, then her 19.99% plus the Bod's shares is going to make it a lot easier for ALB to get to 75%. Hence why I called it an insurance policy in my post.
Gina has a very good poker hand here - and the driver :
1. If she goes alone with a subsequent takeover offer she gets LTR's free cash flow. This option could also involve later on striking a JV say with Min.
2. If she gets into bed with ALB in the now, she is in bed with an established lithium player with downstream processing capability as well.
I guess we are all speculating.
All IMO
Ann: Change in substantial holding, page-24
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Last
87.5¢ |
Change
0.025(2.94%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 88.5¢ | 85.3¢ | $8.253M | 9.463M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30489 | 87.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 252133 | 14 |
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