What we Know & Educated Guesses;Gina wants LTR, currently owns...

What we Know & Educated Guesses;
Gina wants LTR, currently owns around 18%ish.
Has not asked for a board seat, (meaning that she is likely to bid for complete control)
Can't bid if she has a Board Seat..
Previously the Board were happy with $3.00
BUT, that was 6 months ago.
THIS is NOW, 6 months closer to production: Financed.
Project greatly de-risked.
BOARD, most likely have rejected her $3.00
Most likely using other Li valuations and asked for $4.50/$5.00.
So no chance of a SoA.
Therefore, GR will need to go HOSTILE.
Haven't seen one of those in a while!
FEB 11: the day GR could launch a further bid at a lower price.
It was never going to happen on the 12, SP opened lower with a short attack.
Board off to the USA to find friends, finance or just an old fashioned Jolly?
What Next?
GR most likely buying to 19.99%
Then a low bid, most likely in the $1.80/$2.00 range,
Which will mop-up the day traders, and those late-to-the-party,
With the aim of getting to 50.01% or close, then using the 3% creep provisions every 6 months.
Be in no doubt that LTR is being stalked.
The KNOWN UNKNOWNS.
The inside strategy of HP & GR.
This is where the Merchant Bankers & Accountants earn their fees.
When a prospecting & mining company starts production the accounting rules change.
No longer can you capitalise costs, now need to be expensed.
With the current depressed Li price, the plant could be written back to say a token $500m. (or even less)
creating a $3Bish tax deduction...
Now who do you know that might like a tax deduction of that size??? Hmm.
With the Aussie battler tax payer, picking up the the cost of a free mine with a 25 year-ish mine life.
Sit back & watch the Blood & Feather Fly.
This TO is going to be the ultimate Blood Sport.

Love the smell of Napalm in the morning.

Cheers

XanaX