ALB's revised offer did soften the BOD's position somewhat until...

ALB's revised offer did soften the BOD's position somewhat until Gina intervened to do what she did.
That the BOD did consider accepting ALB's offer subject to further securing better terms and conditions, rather than the BOD maintaining a hard line "no, never" suggests that they will consider a sweet enough offer.

Of course PLS will have to make a good enough offer that is hard to refuse, that's understood by all.
Otherwise it would just be a waste of LTR's time and a bigger waste of PLS' money to appoint an expensive T/O specialist to crunch the initial numbers as part of the required detailled due diligence.

I recall that PLS did make a reasonable merger offer to Altura, which indicated that PLS had different corporate values to GS, JPM, MacQ, etc.
But that was a decade or so ago, and corporate cultures can change.

But to say that, even with a sweet offer, Gina would not sell her 19.9% blocking stake in LTR is to claim to know her as yet undisclosed plans.
No one on HC knows Gina's plans.
WIll Gina accept the offer if she can eventually buy more PLS shares on market to secure 19.9% of PLS? Who can say?
Her net worth is approx. USD31 Billion, or AUD45 Billion. Dipping into her purse for another $2-$3 billion is no big deal for her.
Billionaires of her stature are beyond thinking about just money, they also think about power and control, and how to use all three resources to shape the long-term future.

If PLS is ambitious enough to want to be the Lithium King, it would need to supply the green Li markets of the Western countries.
What better avenue than via LTR?

Assuming a scenario where PLS did successfully merge with LTR, that merger doesn't necessary mean the end of LTR as an incorporated company.
It just means that PLS owns all the LTR shares that was previously owned by non-PLS shareholders.

By retaining LTR as a separate legal entity and a subsidiary under the PLS corporate umbrella, the green Li markets can be tapped. The clear geographic separation of Pilgangoora spodumene from Kathleen Valley spodumene can meet the IRA's benchmarks. If planned strategically and executed skillfully, the merged PLS/LTR entity is the Li equivalent of BHP or RIO, as it will:

• continue to supply the Chinese market.
• begin to supply the green lithium market in US and EU.
• continue its downstream investments in Korea.
• build downstream investments in Australia.

These are just my thoughts to exercise an ageing brain by considering the future blue skies potential of LTR.

No, I do not own any shares in PLS, my preference being LTR for its higher long-term growth potential. That is my personal investment decision.

I'll just put it upfront that the opinions and snide remarks of the regular trolls on LTR threads are irrelevant to me.
These trolls might pop up eventually though, as they tend to do.