LOT 1.69% 29.0¢ lotus resources limited

exactly, well timed acquisition, picked up a large resource for...

  1. 3,472 Posts.
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    exactly, well timed acquisition, picked up a large resource for pennies in the dollar, a win win for both companies, lot and Acb will have better access to capital and long term contract negotiations, lot mine was a previous producer so they have the technical expertise, with the lot Acb merger it’s increased the odds Acb mine will get developed in the future, if Acb mine does get into production in the future we will look back at what a bargain, Acb market cap of $53m take out the cash they have on the books and a few bucks if they can divest there nickel project and just makes it even cheaper
 
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