Regarding TO, imho I agree that there is enough free off take . This is not an issue for an OEM thinking longterm. 12--15 B? Given the fundamentals of the business, this is hardly an issue, 1B in the bank and rising, forward certain revenue. Elon just spent 40+B on twitter.
What is the issue, is that I cant see a bid of 4-5 dollars being taken seriously. I would not sell at that price given that that is its basic value right now. And while there may be some who would for a quick profit, neither would a large percentage of holders who see the true longterm potential of this company. So I think any potential suitors probably realise that as well, and know a successful TO will require a lot more.
Just some thoughts, DYOR
Spodumene Prices, page-2556
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$2.85 |
Change
-0.070(2.40%) |
Mkt cap ! $8.668B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.92 | $2.85 | $19.87M | 6.886M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 105442 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 277891 | 63 |
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