Originally posted by headbanger:
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Cm22. Probably the safest move to preserve your capital would be to sell your LRS for the best price around 20 c and then reinvest in PLS or another investment. If this LRS- PLS deal falls over then LRS could fall to 10 c -- that is the big risk. However it appears the Lithium price may be on the rise and there is a possibility there could be another better offer for LRS. I suggest this is unlikely but it cannot be discounted. In my opinion the most likely outcome will be LRS to remain in lockstep with PLS until the deal is completed. Should this happen then there is no real advantage in selling LRS early. I have decided to hold my LRS in the expectation the deal will go through and I will then transition to being a PLS holder. Not the outcome I wanted but thats life.
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When you calculate how many shares you will get in the takeover, then look at the value it will be the same as the new PLS shares.
LRS is running and gaining at the same rate as PLS.
