You would think that if CEZ were going to do this they would...

You would think that if CEZ were going to do this they would have acted by now. In a few months we will have passed milestones that are significant re valuation and imo opinion so imminent that any independent valuer would only only discount the lack of agreed financing & DFS by a small percentage. The lithium world has moved on significantly in the last 12 months with very little impact on EMH, CEZ have left it too late. For those LTHs a buyout would reflect the substantial rerating that is about to happen. Imo subsequent to this rerating the SP will stagnate until we get much nearer production and possibly fall if spot prices fall back. Any profits can be easily invested in other near time producers with similar returns. Therefore I see little risk in CEZ takeover from now. They missed their chance.