The updated NPV for arcadia was around 400m. Divide that by shares in issue and you get around 20c. There is no chance arcadia will be sold for 6c, that would mean its worth 120m for one of the largest jorc lithium reserves in the world. You would think at least 10c plus for arcadia.
In addition, as others have stated, top20 will not sell out for 6c.
PSC News related topic, page-159
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