GAM also have a vested interest to see WC8 develop a lithium resource of 100,000 tonnes or greater, at which they can actually exercise their 62,220,171 performance rights. At todays market price that is a $24m dangling carrot, and is likely to be multiples of that in time.
GAM are NOT in this deal for a quick flip, and WC8 have negotiated the terms of this deal to ensure their interests are protected. This is one of many reasons I invested for this deal and will be holding for quite some time despite a few games and blips along the way.
WC8 Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)