Why they chose AMAL to do the takeover is really strategic. -...

Why they chose AMAL to do the takeover is really strategic.

- AMAL is the only lithium producer in SGX (this aspect is important)
- Current price reflects the instability of BOD (culminating in the sacking of CEO and ED)
- Expect AMAL SP to rise next week as investors digest the merger news
- TAW SP should react positively too
- Burwill may again raise stake in AMAL in open market. Likely will strike early

Update report from Canaccord should be in the works following the merger announcement.

All in, merger proposal is hugely positive.

DYOR