Share
9,832 Posts.
lightbulb Created with Sketch. 1441
clock Created with Sketch. 20/10/23
10:45
Share
Originally posted by DaisyA:
↑
he is taking a $10M allocation (he didn't need to) and the speed of the fund raising to get fully funded and to entice the shorters to leave was the message. I bet the same instos putting in money at $1.80 are the same calling in their shorts and forcing them to cover. this is a deal to get rid of the shorts and box in Gina IMO and we are left with greedy instos who are now long. The karma is that Gina is the one snookered. she either comes along for the ride with our management or she bids for the lot (maybe with Rio) at much higher than $3 and the longer she waits the higher the price. The shorting instos are now on our side to extract maximum capital appreciation and dividends or a big take over premium remembering that TG, his friends, family and us can block any take over that we do not like. As we have full funding and are speeding towards production the take over price will need to be huge. This is why TG moved quickly to secure the lot. That was his message by his actions IMO. The price we paid was a smacked share price in the short term but not too long as production beckons and the price of lithium shows signs of awakening. When it goes it will increase fast and we may thank Gina for her involvement otherwise we would be owned by ALB. on ALB they should have acted 6 months sooner and bid $3.50 - $4 and they would have secured their business. Now they are stuffed and sniffing around poorer resources in poorer jurisdictions. I wonder how long the price will stay suppressed. Go the longs.
Expand
yep daze check some of my posts from 2 weeks ago ..i said at the time that ginas
(20min delay)