Well IMO that would not be in PLL's overall best interest unless Assore isn't "friendly". They (A11 and PLL) share 40.5% of the asset and of course Assore has a much greater equity interest at the TopCo level (25.27% vs PLL at 9.29%). PB sits on the BoD ... wonder if PLL increased it % before this bid?
PLL has what it needs in the 50% OTA ... what they don't want is some Chinese interest coming in over the top of Assore for instance. If PLL were to launch a bid, let it be with a partner maybe even multiple partners in a consortium perhaps - preferably TSLA or LG Chem - TSLA for TX refinery and LG for PLL's TLP where its likely they will take up an OTA and possible equity ownership in the project)
A11 Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
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