It appears that big companies are no different from humble punters. No-one wants to lay money out in a way-down market. In a booming commodity situation everyone is happy to toss their money in. I bet ALB are glad their $6B bid for LTR fell over. That would have been a very costly mistake. I'm eagerly waiting to see whether LLL plow their soon-to-be-received cash into another lithium company; or more to the point, whether their shareholders would be up for it. I suppose we'll hear nothing from management until either someone does come in with cash or else upon their decision in August as to whether they are going ahead with Renard or not. Until either we're going nowhere far north and very possibly further south.
WR1 Price at posting:
16.5¢ Sentiment: None Disclosure: Held
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