Need to watch and review fights over near term Lithium projects in Oz - will the same happen here too? and is that why the SP is being held down?
Unless those involved have deep pockets they can only do that for so long, and still need to gather the T/O funds together -- it seems to me that us LT holders have the advantage because going on offer prices in Aussie any T/O is going to be ~ ~ $1.50 region. And probably that will only be the start.
Could it be that the tired performance of the Company recently was because they expected an offer ?? so why bust a gut !!
I am hoping 'The Company under New Management' will put all that aside and drive straight for production asap, even to spod processing and battery grade chemicals production. (Check out GT1 for similar vertical integration plans in Ontario Canada).
Put together a well studied and researched project and the money in US will fall down on you like rain in a wet Pilbara summer.
Then a T/O at ~ 10.00 plus is OK !!
DYOR
Go EVs, Go Lithium, GO Iris.
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