MEI 0.00% 22.5¢ meteoric resources nl

TAKEOVER

  1. 6,476 Posts.
    lightbulb Created with Sketch. 3349
    Todays big news that Albermarle has made a huge big for LTR confirms to me we are sitting ducks. I consider that once our drill results are confirmed and the resource put out in April that formal approaches will occur.

    Think about it

    - lots of big holders be keen to cash in from low levels
    - amazingly quick turn around for drills and jorc
    - tunks is a deal maker, one of the best i have seen.

    I can see a 25c offer which of course is unders where this will be in a few years but its also a great return in a quick amount of time. In the lead up I can see us getting to 20c which makes the premium big by todays standards but not big by the price it will be shortly before the formal approach
    Last edited by rjohnson1234: 28/03/23
 
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