As RIO has intriguingly mentioned Li, it might already have been considering a hostile T/O move on a highly attractive target.
But what’s to stop PLS from making its next corporate move to become the King of Australian lithium?
PLS doesn’t have to announce its unfinalised plans as yet, if any, unlike RIO. Might be a sort of merger of equals if LTR is the target.
Whether LTR shareholders like it or not, is rather like whether Altura shareholders liked it or not when PLS offered a merger of equals a few years before the final hostile T/O.
Not saying that LTR is in the same financial situation as Altria, just considering PLS’ possible moves.
A cash and scrip offer for LTR might get Gina’s approval.
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