I have now sold the last 7,500 shares because I don't believe...

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poider

148 Posts.

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23/11/23

22:10

Post #: 71079136
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Originally posted by poider: ↑

I have been here for a long time, just after Platypus became Galaxy, I am a pretty conservative person not with regards to taking risk, but with supporting Management that makes me a buck, supporting remuneration recommendations etc. I can't help but feel that a merger unless a new proportion is allocated to the share split is now a bit of an insult to Allkem. Our current projects are self supporting in operation and returns, while James Bay to me is the icing on the cake and near to approval. Prior to the merger proposal many brokerages saw us as a $16-20 prospect in the relatively near term. I think that is highly likely with the next price swing upwards, but somehow I have my doubts that the merged company will achieve the same results. I feel that I would not feel depressed should the so called independent report suggest the proposal be dropped or at least renegotiated. We will see what the report brings.
Disclosure I sold half my holdings in the mid $14's on the way down. I don't have a grievance against Allkem, I am just not sure that this is the way. I do feel like I have been conquered though by a more ambitious suitor, and likely wish I had a better looking suitor. Sorry for all the feelings.

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I have now sold the last 7,500 shares because I don't believe the merger is a good idea, see previous comments above posted. On top of that, the election of a pretty base, unintelligent Trumpian future dictator in Argentina gives me no confidence for the future of Allkem, unless there is a NO vote. Galaxy/ Orocobre/ Allkem seems to have a good relationship wit the State/ Regional Governments in Argentina, but a country with 100%+ inflation, and a President who wants to change their currency for the US dollar is an even bigger risk. I may be wrong, I may be crazy, I might even be a lunatic....... Not advice.......feelings again..

AKE Price at posting: $8.50 Sentiment: Buy Disclosure: Held
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