For me it’s pretty simple ,Gina is trying to smother the price to current levels and exhaust share holders so that when she makes a bid, say $2.00, it will look like a decent offer. But if the price of lithium turns as expected, she then invites indirectly other potential suitors to possibly make a TO and more buying competition, which is good for share holders.Its a fine balancing act, but she will need to act quickly if price of lithium suddenly turn.s.
How the 80/20 rule works with hostile or friendly takeovers works I don’t know but that will be interesting.Then again if lithium really starts to ramp up price wise, there will be no takeover and happy days for investors unless Gina then pays a premium.Nobody picked the sudden turn in iron ore prices but the momentum for the use of lithium is on the up and up.Plenty of scenarios to be played out , I think all will get revealed sometime before the end of 2024.![]()
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Last
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B |
Open | High | Low | Value | Volume |
80.0¢ | 80.0¢ | 77.5¢ | $7.715M | 9.774M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 146156 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 372069 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 144587 | 0.790 |
34 | 689549 | 0.785 |
38 | 752291 | 0.780 |
25 | 516940 | 0.775 |
45 | 542713 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 355235 | 32 |
0.800 | 538704 | 28 |
0.805 | 418720 | 19 |
0.810 | 265003 | 6 |
0.815 | 80752 | 3 |
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