I'm not convinced that it's the TO impacting the SP so much. I hold a range of Australian Li mining shares and all are taking a hit at the moment.
If things were looking good over at LPD, I wouldn't hesitate to buy with this TO still on the cards. It's obvious that the take up is low and there is no short term risk of a TO, especially if things are getting better at LPD.
In the current state, I see why many LPD holders don't want the TO to happen looking at the numbers as of today, however I think a combined company could see LIT shares go up a decent amount (why wouldn't it?), which would make the deal much sweeter for LPD..
What are your thoughts on the future value of a combined company?
Ann: Notice of extension of Offer Period for takeover bid for LPD, page-9
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