All the billionaires are buying 20% of any decent emerging lithium play and preventing others from buying the assets. Why pay billions for one asset, when you can buy multiple controlling stakes for the same money. This means they can sit on these and develop them over the years ahead. Minres did the same move with Delta and Gina is doing it with LTR and AZS. This does not necessarily mean they will buy them outright. They may not need to do that. Smart move to grab the best plays (even at a premium) to stop others and control the entire sector. Some of these companies may take some time to develop and the lithium price is weaker. These guys know that they can get the stock volume now. You would have seen LTR at $3 doing a placement at $1.80 and now trading at $1.60. The market is shorting these stocks because of the lithium price and development time, while these big players are playing the long ball. WC8 might end up getting done quicker than some.
WC8 Price at posting:
70.5¢ Sentiment: None Disclosure: Not Held
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