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06/08/20
11:12
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Originally posted by ericson:
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agreed roller . I know we have had about 30% dilution since the 50c valuation statement so you could argue that the TO valuation by NF is about 35c. But by the same token that was pre-DFS and 3 years prior to the current eve of major ev disruption . Therefore in aggregate I would guess that his TO valuation is still circa 50c in today’s situation . But he didn’t stay on when KE resigned (and go full time ) to sell when the rationale behind driving to mine was to materially improve upon the 50c TO sellout valuation . Let’s not forget that the analysts reckon 28c at start of mine and 12c on funding. I think that’s the minimum prospect . But on worst case (even the downrampers are saying 11c TO) you will likely double your money on months . Personally I’m on board until TO by stmt of arrangement or more likely key lithium source to the ev car industry for the next 15 years . I am building my stake and can’t see myself selling within the next few years .
AIMHO DYOR Not advice
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if we are snapped up by a mining giant, they will most likely do a 50/50 arrangement. 50% = 35-50cents a share and the remaining 50% will be converted to the buyers share I.e bhp or Rio. In that scenario you only make half of what you were expecting. But let's hope our mgmt will go all or nothing + put avz shareholders first