Aus dem hotcopper forum :
What a great deal, pretty much win/win. I'm sure we will also now be doing something with MINs Wodgina assets to help build the mine etc, like moviing usable parts to on site.
MIN have done very well out of this, but so have we.
The shorters are unlikely to get burned as you will probably find that the new shares find there way to the shorters hands to replace borrowed shares. It all depends on the number of shares MIN declare in their Substantial holder notice, as they might have been buying some cheap as well.
No selling for 6 months means we are safe from a T/O for 6 months, and no buying for 12 months means we are safe from a takeover from MIN for 12 months, but there is still Pacific Capital in the background, who had fingers in this pie.
This should be extremely bullish for our shares as it means we can get to 4Mt/a much faster, especially with MIN's help instead of hindrance.
My expectation is big gap up when trading resumes and a run. Lithium is still in tremendous demand, so if we can now get to market quicker with MINs help, then all the better for the share price.
This was always too much of a possible win/win for something like this not to happen. Everyone gets to feel good now as uptrend should be confirmed.
While the 8.3% holding could be a problem in the longer term, the email group with a now lower percentage but still well over 300M shares in it, have their 100M well covered.
I can see us easily having the plant running at 4Mt/a within 24 months. At a contract price of $US15,000/t and getting about 50% of that, or $A10,000/t in revenue for 90,000t of LCE = $900M the 2.5% royalty would have cost $A22.5M/a, so yes a good deal for us.
Rough calc of $A650M profit should give a valuation of 8 times being this far out, with BOAs coming in = lots, nearly $4/sh allowing for this and director option dilution.
After one or 2 BOAs $1 will be surpassed IMO
All aboard, train leaving station. Who said announcement couldn't be Win/Win???
congrats all holders!!
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