LIT 4.76% 2.0¢ lithium australia limited

Ann: Tin International and LIT agree to joint venture in Germany, page-5

  1. R08
    8,210 Posts.
    lightbulb Created with Sketch. 1827
    Cool name....you got the sideburns too ??

    LPD are not considering the takeover....period.

    SiLeach is not in competition with LMax - that is precisely why LIT want it because SiLeach is not economical nor practical; it is a dud. Yes they want monopoly...they want LMax - read up on the PFS statements to date, the recovery rates, the economies of scale LMAX brings to the table. Far superior and a mile in front of SiLeach in terms of product advancement.

    LIT won't get LMAX nor LPD......to control. The only positive AG has is he gets a major holding in a great company (LPD) - but not control. That benefits he only.....not LIT holders as you won't see any returns from our SP come into your coffers from his holding. LIT wants it....but I would give them a 2% chance of even getting close to a 50.1% holding of the register of LPD.

    I still wonder why LIT have not announced a breach of the conditions as set out in the PWN buy out agreements for 17 odd % of LPD shares ? A 20% reduction in LIT's SP from the date of offer voids the deal ?? At date of offer, SP was 18c and did drop to 14c....that surpasses the 20% threshold.....more smokey mirrors perhaps.
 
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