Banter and General Comments, page-5309

This is what they have posted before aiming us at a small-cap cannabis stock:

Earlier this week Wesfarmers Ltd (ASX: WES) reaffirmed its interest in enquiring rare earths producer Lynas Corporation Ltd (ASX: LYC).

Whilsta deal looks a touch unlikely at the current offer price of $2.25 cash pershare, it might not be the end of the world if Wesfarmers can’t get things overthe line.

Rumoursare circulating that Wesfarmers might seek to gain exposure to the decarbonisationof the energy sector thematic through an investment in a lithium miner.

Accordingto an AFR report, Wesfarmers is believed to have had its eyes on “about half a dozen lithium players”.

One asset that the conglomerate was believed to be interested inwas the Wodgina Lithium Project stake which was sold by MineralResources Limited (ASX: MIN) at the end of last year. Wesfarmers is understood to have been outbid for the stake by lithium giant Albemarle.

Thiscould mean that the company has turned its attention to the Pilgangoora Projectowned by Pilbara Minerals Ltd (ASX: PLS).

Latelast month Pilbara Minerals revealed that it was considering a range ofpotential transactions including the sale of a minority interest in the WesternAustralia-based project of between 20% and 49%.

Anotherpotential option is the Mt Holland Project owned by KidmanResources Ltd (ASX: KDR). The report suggests that Kidman’s lack of funds means it is seeking buyers for its gold and base metals assets.

One name not mentioned in the report is GalaxyResources Limited (ASX: GXY). But with its shares trading close to a 52-week low and looking very cheap on a sum of the parts valuation, it could arguably be a great way for Wesfarmers to gain exposure to lithium. Especially given the world class assets it has in its portfolio.

Butat this stage it is worth remembering that this is only speculation, so I wouldsuggest investors resist the temptation to buy shares in the hope of a takeoverapproach.