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$1.90 kidman resources limited

Ann: Shareholder Update, page-43

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rvajna

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04/07/19

19:32

Post #: 39379077
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Originally posted by DaisyA: ↑

I agree @Newlife26 My interest is two fold here. I still hold a lot of KDR shares and agree that the $1.90 offer was too low, but I was starting to think the golden rule of the first bid is never the last was about to be broken here. Now I am not sure as the announcement certainly meant to me that another party was sniffing around. My second interest is the entire lithium sector where I also invest LT. I believe that it is only a matter of time for the worm to turn in this sector and an increased bid for KDR will light another fire under all of them, not only under the other explorers but also the miners and producers. A further bid will not only help us, but the entire WA lithium industry. I keep thinking that the smart companies will not wait for the tide to come in before they strike for cheap assets. Now is that time IMO and they only have another 6, maybe 12 months at the most, to make their move. Also the sooner they move the better as those assets will only start to get more expensive.

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Clearly WES have offered to much given the condition of the lithium market now. Can they withdraw the offer and back out?

KDR Price at posting: $1.89 Sentiment: Hold Disclosure: Held
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