You are raising an interesting point here. I have been following this story, which is great for the shareholders.
Since MIN has no controlling stake, the Board vote can still be against.
I work for a large private business, bout to list. A private equity owns 30% and they have now found the hard way that they are still a minority when the founder members come together.
I am actually looking for a lower entry point but does not seem like it!
Gina is a smart businesswoman. If DLI is genuinely the next potential producer, then expect the on market bidding to intensify over the days and weeks.
Lithium story has a long way to go. If China is an attractive investor to Africa, then the western Automakers will have to fight out for what's there in Canada and Australia in the Lithium space!
DLI Price at posting:
80.5¢ Sentiment: Buy Disclosure: Not Held
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