yeah, it’s risk reward stuff. I found it amusing when a whale lowballed a small energy company and lectured the small shareholders on risk, like they didn’t appreciate the risk in the first place.
clearly there is significant development risk in the project. But if the project is executed to current capex expectations and production timelines are met, then $3 a share would be a bargain. Albermarle are not a charity. They obviously still see value at $3 a share.
Ann: Revised Proposal from Albemarle, page-587
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