In today's Chanticleer [AFR] - Emotional Rio chairman recalls...

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koparoma

652 Posts.

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25/05/23

12:28

Post #: 67958148
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Originally posted by ff0605: ↑

we recently exhibited an atypical purchasing behavior in the stock market. Despite a continuous influx of shares being dumped, it does not appear to be the action of an institutional buyer, as such a buyer would have likely caused a retracement in the share price and forced out more retail holders. Additionally, it does not seem to be a short-recover action, as indicated by the shorts report. While the overall lithium sector has experienced a decline recently, this decline does not apply to LLL.

My speculation is that this buying pattern could be linked to a potential merger or acquisition (M&A) offer from a prospective buyer. Typically, prior to making an offer, the buyer company acquires a certain number of shares. Furthermore, Simon is currently in China, and it is possible that the acquiring company needs to swiftly purchase a sufficient number of shares before engaging in discussions with Simon.

Alternatively, they might have already held discussions, but their offer was rejected, prompting them to commence buying shares on the open market. Our management team has displayed astuteness by strategically conducting an AGM right before Simon's visit to China. During the AGM, they approved the issuance of 50 million performance shares. This move enables them to possess a stronger position before initiating any potential acquisition negotiations

all IMO DYOR

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In today's Chanticleer [AFR] - Emotional Rio chairman recalls horrors of Juukan. The article (and Dominic Barton's presentation beamed in from Beijing to the AFR Mining Summit) concluded with:
“Miners need to do three things as they chase this opportunity.
First, they must move faster; Barton says the world’s energytransition is moving too slowly for comfort.
Second, they have to work with governments and communities tounlock projects that the world desperately needs to make the energy transition.
Finally, miners must get used to working in more difficult andrisky jurisdictions, with Africa being a prime example.”
www.a f r.com/chanticleer/emotional-rio-chair-delivers-home-truths-on-juukan-gorge-anniversary-20230524-p5db0h

Now, where could he get his hands on a share of a global scale project that is currently being unlocked in Africa???

Putting my tin-foil hat on, he is in Beijing now - and Simon and the Chair are heading to Xinyu this week... It's on????!!!!!

LLL Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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