Before a T/O you almost always see a fall in price, especially if it is just one group with intentions of the T/O. I f more than one, then the price starts to creep up for no reasons to new highs.
So I would have to assume that any T/O, should that be what is happening, is from one party.
JBJ, you have just shown EXACTLY why Takeovers succeed at prices well below what the resource is worth. 'They' have successfully scared you into thinking this fantastic resource is worth a lot less than you thought a couple of months ago despite the resource being larger because of the increased drilling, and at a higher confidence level as well. Just because the company has chosen not to release them does not mean they are not there.
People seem to be forgetting that with the disruptive technology of EVs and the actual battery factories being built, the demand for lithium is currently increasing exponentially.
The value of our resource is increasing greatly all the time, despite the games being played on the market.
While the substantial holding group is being written off as a few holders, it is mostly a subset of a group of 290m shares, with most people not really wanting their names up in lights, in the spotlight of a history making event. Yes we have fallen below the 5% for now, but just for now. If something happens that is against what the majority of shareholders want, that group will suddenly be very large.
I can guarantee you all that NO-ONE that told me their wishes/intentions was for a sale of below $1, NO-ONE.
Some did say they thought of a lower number before the resource grew, but with the EV revolution and an increasing resource, peoples opinions have changed.
The whole pulling back of the share price is about scaring people out of their positions. Lot's of us talked ages ago about the games being played to get the shares off smaller holders, that is what we are seeing, and it is interesting how the inexperienced fall for it, even though forewarned.
Our small group is about 290m shares or 25% of the company. Just because people
were not in the Substantial holder group, and of those in there, then some changed their mind, does NOT mean it is a small group. 25% of all holdings is a very large group to be taken seriously.
If the BOD's intentions was to sell the asset all along and not go mining, then they had a legal requirement to tell the OWNERS of the company. Their stated intention is to clearly go mining, so if it was anything different there could be serious consequences.
Currently the style of management has changed. The announcement of results from the drilling program are NOT being released in the same manner as they were last year. KB might have a different style of doing things but it should be relayed to the owners, not just changed without telling people it would happen and why.
SOS, if the BOD and management don't want to go mining, then they should move aside and put in people that do want to mine, and know how. It has been the clear intention of the BOD that mining is the direction we are heading, so anything else is unacceptable and move aside to let those that can do it, go ahead and do it.
I expect nothing less than going ahead to the mining stage and that is why KB was employed, so we were told.
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