ASX Today, page-43026

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.