Yes, there is definitely a possibility of a cheap takeover of...

Yes, there is definitely a possibility of a cheap takeover of Rio Tinto. But at what price?In July, the remaining 4.99% will go into Rio Tinto's basket at AUD 0.535. Let's see how the market will interpret that - perhaps even this rise in the price is already in advance.

It remains really exciting here and for me the question is not whether Sovereign will be taken over, but when Sovereign will be taken over. As time goes on and results and resources get better and better, Sovereign will become more and more expensive, which Rio Tinto should not really be interested in. That's why I'm still hoping for the necessary licenses to be granted by Malawi - this will probably be a formality - and for the DFS to be completed - unfortunately not until late in 2025 - so that the potential takeover value can be appropriately assessed.

Even AUD 1.60 (Sprott's target price) would still be an absolute bargain for Rio Tinto for this monster deposit in my opinion!