Don't post often, but here is a thought. I think ALB is still...

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Squally

47 Posts.

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18/10/23

19:01

Post #: 70413023
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Originally posted by DaisyA: ↑

Thank you @rookstar but I must point out to you and everyone else that I have no inside knowledge of the funding details. I am hoping that it is debt and/or a small CR but it may indeed be a 100% CR at a much lower price (who knows) than the last traded price because the Board just wants it done and to concentrate fully on the production and not have to worry about funding again. There is sense in that also as they are confident of the profitability of KV and know the CR (if there is one) SP will soon be in the rear view mirror. If we are in this for the long haul and dividends, a huge CR is not an issue, for short termers the price could drop dramatically for a while.

Having said that who knows what it will be but the derisking of KV is still then complete and Gina will not be player in this I predict, in fact her buying spree may look a little foolish for a while. Also if the SP does drop because of a massive CR the price will be so compelling that many will buy, including me.

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Don't post often, but here is a thought.
I think ALB is still hanging around. Why wouldn't they be after they have done their DD and been in the data room and said that it all looked good before walking away from a TO?
They all said it was a good experience and everyone got on well!
Maybe TO & TG said, "Well you've been in the data room now, and we know you were only interested in KV, and that's not going to work out due to GR's stake, but did you have some time to check out Buldania?
We have said that it's around 15Mt but "nudge, nudge, wink, wink, it's probably a fair bit more!
Now, we need to raise a bit of money for KV. How would you be interested in a JV for Buldania to allow you to feed Kemerton and what about we fast track a new capacity at KV to feed that?
Just thought's and waiting to be shot down by all the.......

Might post again some day!

Squal

LTR Price at posting: $2.79 Sentiment: Hold Disclosure: Held
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