The only kind of bidder that would make sense now, who would have to offer a premium would be an OEM who would like a seat ant discussing with Leo / Ganfeng for hydroxide off take in Europe, or possibly Scrip, PLS maybe. They have a good relationship with Ganfeng already.
This shouldn't have been at $1.20 in March, so not surprised we are over $1.00 at all. Still some value gap, but to get 15% needs a premium, Im not sure how much more people will be willing to pay if only an investment (fund etc).
IMO
FFX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held