Ann: Trading Halt, page-47

Honestly I now worry less of a takeover. After some research and thoughts, I believe jiangte and Burwill simply wanted to lock in the supply for the converter business. They may not have the financials to take over the merged co. Even if they do have the money, they would rather spend them to lock in other critical minerals and spend more on downatream operations.

Not every battery manufacturer or chemical processing company want to be miners, which is not their core competencies. I don't see large enterprises like LG Chem or POSCO or BYD going out to take over lithium producers, even thou they have large financial resources. They just want to secure critical supply and not own/run mining juniors. Of course that's just my personal opinion. We can never say never.