I think some ppl slightly misinterpreted the question and how to poll but in the end it was very informative so thank you everyone, really appreciated.
I think we could safely say from this that the result is about even whether or not an offer may be presented to Altura for control of our assets in one form or another.
Also it’s also fair to say a considerable increase in valuation would be required for acceptance of a takeover by the majority of shareholders (including management and soph investors like Buckler & Smith). So far we have reasonable estimates of 60c to $1.50 per share, around $1 being the majority which would contribute around $1.8b
There seems to be two sides to the argument of the Chinese controlling Australian resources to lock in supply and up stream costs. It is a hard question to answer if you look at all the facts but patriotism always runs deep.
I wanted to present some arguments below and it is not to get shot down please as I’m not presenting my view to keep neutral for the time being, but you never know what may come of it as it could get very interesting but remember everyone has their own views, that is what makes us great!
So, from an Australian point of view the resource belongs to Australia to benefit from, but in a cross argument who really benefits other than the company’s shareholders which can originate globally. The money will be coming from overseas as Australia doesn’t have the downstream processing infrastructure in place to feed the massive overseas demand. Does Australia have the capacity to build the infrastructure and who will build it? Should the government help and how would they help? If they gave cheap loans out it would be a risk for the country and who would benefit? Would they have to start handing out $$ to more firms as they come on line and which ones do they decide to assist? What about medical, educational and people that are really struggling in Australia, shouldn’t that have priority? If Altura received a low interest loan from the Australian government would that just result in a higher share price for shareholders?
So the questions I’m putting out there is
1. How could the government help and is it plausable for them to do so in this case?
2. If the chinese need to control Altura to assure their lithium supply is constant, enough and the price can be set to meet their targets to build and deliver electric forms of transportation and energy storage well into the future to actually make a difference to the worlds quality of life, shouldn’t we help if we are in a position to do so?
3. If we reject the offer if it arises, stick with our guns and extract as much value from the company, what happens when it is time for us or our kids to buy a car (electric) and pay the extra because the lithium price was high for years due to demand and we demanded results (like the banks). Will Australian society have to pay more because we wanted more?
Heavy questions but I think relevent.
Will be interesting to hear ideas or thoughts if anyone would like to offer, or not.
I see David Gillam (sos\mastermines) has since posted a similar poll on twitter, I think it’s good as it gets everyone thinking and speaking out.
For peice of mind, 60c per share is the minimum target from most posters which is likely to eventuate by first product so that is a start to keeping all happy for now, good luck to all. PT
Good point PT,
The best scenario is for the govt to help build the infrastructure for battery manufacture but our politicians from all sides are in denial of the EV revolution. We lost the car manufacturing industry and clearly , the EV revolution opens up opportunities to resurrect the manufacturing industry in Australia but no our govt is willing to give a billion dollar loan to adani to finance the coal mining in qld what a joke.
Expand
(20min delay)