A lot of fear of a low-ball takeover offer.
Ive said this before; Mark Calderwood owns 21.8m shares.
Every cent of a takeover below full value costs him $218k.
Every ten cents of a takeover below full value costs him $2.18m.
With the amount of interest in the lithium space, any lowball offer could easily be shopped around to other interested parties.
Just look at AJM having to appoint corporate advisers. That's about creating the "tension" that Mark mentions in the article.
Guarantee that management know sharks will be circling and they're not going to let it go cheap. It will cost Mark a fortune personally.
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