Surely $7.50 is way under the odds. I would expect closer to $9.20 or around at least a 28% premium to the current price and that is ignoring the strategic advantage that Toyota bring.
Lithium producer Orocobre (ASX:ORE) has reached a deal to sell a 15-percent stake to Toyota’s (TSE:7203) trading arm for AU$292 million, the Japanese carmaker said on Tuesday (January 16).
ORE Price at posting:
$7.17 Sentiment: Hold Disclosure: Held
