Thanks mate, that was an excellent read. A nice dose of hopium!
and thanks @AyDee.
I guess a positive to take from my earlier post is the following:
- RIO are still hungry for Lithium assets
- They clearly favour brine over hard rock and have no issue operating in South America
- They are long-sighted and generous in their Li valuation models (think Rincon, Arcadium and now Maricunga)
- There is no more synergistic and probable TO target than GLN
I would be shocked if they didn't make an offer at these prices (given their valuation models) in the very near future. They only closed Arcadium a couple of months ago, so their analysis of how a fully permitted HMW can now be incorporated into their plans must be underway (or close to)
We now have a blocker (in authium) to thwart any cheap Chinese TO's, and an amicable partner if RIO were to make a bid.
Lets hope the price is something that make us all happy.
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