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
FFX Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held