Good summaries and thoughts above, and to be fair, I'm probably about to add little to the foray here, but I will anyway.
In my view, great deal:
- Biggest player out there in lithium
- There is likely no other way to get into production, and therefore revenue, than teaming up with a Chinese company that is desperate for more lithium, and has skin in the game
- We all know there's more lithium not yet drilled and included in the resource... you could say that this is a freebie for GF. You could instead say that this will immediately add additional value, and therefore both LithCo and FFX (with it's 20% share) will rise further
- And there's many more!
Downsides - I wouldn't call them downsides, more 'risks to achieving higher value'
- Africa.... we all know that
- The $ value of the deal - as someone said, it's the best on offer having had all of the big names, from a small selection of names, in the room placing deals
- The deal isn't YET done... and I think the market also sees that. There's a risk is does not complete
I sold none today. Got my 500k, and I'll sit on them for a year or two. I'm happy
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