I've never held this stock long or short.
Does anyone think if the price keeps falling to the low 3s or even 2s it could be bought out for say $5.
The new owner could have options like:
* raise the price in Chinese channels or stop selling direct in china
* keep the price same in Aus (but above would point may get Daigous back?) ie don't discount in Aus
* write off up to $100M inventory if required (to prevent premium product never gets too close to use by dates)
This would be a total investment of around 600M
- Forums
- ASX - By Stock
- BAL
- More to come...
More to come..., page-111
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BAL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online