ann out : merger, page-22

I'm still of 2 minds as to whether this is good for shareholders or not. Probably short term dilutive, but good for the long term.

You would have to assume all is going well with the production plant. If not, then the sp would tank & Li1 would want a lot more than 1.8 shares. Their timing of the announcement is interesting - almost to the day that production was to be announced. This was obviously a further sweetener for Li1 as our sp would have been much higher if the deal was done post production.

There's still the possibility of an announcement prior to the market opening, though they might wait a few days to get people use to the new entity. Only a very brave person would sell today with a production announcement just around the corner. Might be a chance to pick up a few bargains before the big boys take notice.