This is exactly why I sold out completely last year (after biding my post SIR time), Blind Freddy could see after the appalling SIR deal that they were captive the M&A industry, and would pay anything for a deal that grew the company, never mind about per share value.
What will they do next? Buy an overpriced minority stake in a battery manufacturer? Straying from competencies seldom ends well.
Hugel price imho for modest mine profits (based on 2019 figures) and a seemingly somewhELat risky plant, and little control over anything.
Glad to be out. Not the shareholder friendly company I bought into in 2004.
EL
iGO Tianqi, page-60
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