The overall weakness in the commodity price is obviously playing into her hand.
Gina would already be holding a position in WildCat, but below any 5% disclosure threshold.
the pricing of any bid would depend on her timing, the exploration results, metallurgy results, commodity price etc etc … but at the current time, with the current cautious mood around lithium plays (and Core hasn’t helped), and what we currently know,I personally think a bid around $1.20 to $1.50 now would probably be successful securing 30% plus. (she could then count on MinRes support for effective control)
In 3/6 months time, once much more drilling is done and the project de-risked further, then that pricing may look too cheap if the commodity price has bounced up.
The higher the bid, the better for all of us obviously, but let’s also not lose touch with the changes happening in the global lithium sector.
WC8 Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
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