Ann: Liontown Reaches Agreement to Terminate Royalty, page-58

Dumb people think alike

It’s about timing - a takeover takes into account the present and future. If kdr waited and got sold today, they could potentially have pocketed $5 billion minimum as well. The longer an offer is delayed, the dearer Ltr gets. I’m more confident that now we can get a much more decent price than when we were 8 weeks ago. Like apt, the offer is about $129 because they’re at $100’and not $150 which they hit months ago. With the pls auction news going around Ltr is in a box seat when negotiating a major deal. Time will tell. It looks like bhp or rio are the most likely candidates now because ganfeng, tianqi and sqm seem to have all have their marbles lined up already. But this sort of transaction usually comes as a surprise to the market more often than not. Much like the RHI and APT offers yesterday.