Think about the takeover offer for LTR with respect to its...

Think about the takeover offer for LTR with respect to its forward earnings. / capital requirements.
Sometimes, when you have what the predators want, and the market sector is heating up, they are willing to pay an arm and a leg for it.

I recall a decade or so ago,,,,PDN (last uranium bull market) bought out SMN (summit resources) in AUS, for 1 billion dollars. Absolute hysterical money. I was a SMN holder. I think there was another interested party, (bidding war?) but it was something that greed of acquiring all the preferred deposits when the market was hot. And that deposit, in AUS is still not being developed because of the AUS 3 mines policy. So just stupid valuations from big boys playing must have it at any cost.

A bidding war for WR1 is most welcome. Or we develop ourselves. Either way, our path to unicorn village is laid on solid tracks.

It would be interesting, what potential M&A that we can fatten our own self with, along that journey. The little fish eats the smaller fish, until it is taken over by a whale. - AZM ? / PWM