Absolutely brilliant news. Great news holders. The news flow has been kind of late - resource and mine life extension at Mt C - and now this
Just as a reminder, it has been obvious to all for some time that this was going to happen. Just picking one of my posts, back in early May I stated "We are looking at least a doubling of resource and higher grade. Keep in mind this is not yet complete and with more drilling, this could increase substantially more." Too easy to pick that this was going to happen, probably why the sp is not doing too much, remaining in control of the BEOT. As a producer, the analysts only care about the $$$$'s being made.
we can see what a massive company MergeCo will be when we combine all 3 bubbles. Then look at our valuation! The growth story is incredible.
Combine the 3 bubbles, add a NA conversion facility that should be up and running by the time JB is built and you have something impressive!
You have an influential player, that has multiple TIER 1 Assets, producing and selling predominantly lithium without the need for a middle man for conversion, mine life and quantity that any OEM would dream of dealing with. Set and forget contract providing security to make the EV investments needed.
The only thing keeping this sp back is not the vision or the resource, but the downward price manipulation thanks to the spot price. The quicker that stabilises the better. Actually, being able to get a permit to do something with this resource could be the firecracker needed. I hope soon, maybe before the halfyearly, wishful thinking?. However, for a long-term hold that is irrelevant. AKE/PLS dominate my portfolio, simply because their assets are top notch!!!!
Congrats all, sit back relax and enjoy the ride!!!!!
AKE Price at posting:
$14.51 Sentiment: Buy Disclosure: Held
