China are really upping the ante for getting in to support their supply of lithium going forward.Last month Catl took out Canada’s Millenial Lithium Corp for $302.33m and only last year purchased 10m shares in Neo Lithium which was bought out by China’s Zijin Mining for $737m which was a 18% premium to the pre T/O SP so turned a nice profit on that. Not that I would like it to succeed but I do wonder if Yahua and Ganfeng have any thoughts on trying to make a bid on CXO with the Darwin port lease it could be seen as a nice fit for them. It would set fire to the SP at least to the level of any bid and would probably be seen as a win win situation for them as well with their shareholding’s even if it was rejected .Personally am hoping SB takes this little beauty all the way to the finishing line.
China are really upping the ante for getting in to support their...
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