Post by
Luna2020 on Jul 13, 2020 9:59am
Drivers seat again
It seems like everyone is anxious now. Don't be nervous. This is a slam dunk - lots of interest in the Lithium sector now. Way more than last year when PG offered $0.25/share. Also, NMX is looking at buyout options now. This is going to reach $1/share. Good luck all.
Comment by
Takeactionnow on Jul 13, 2020 10:11am
It may eventually be worth $1/share once recapitalized, but the current situation doesn't justify it. The only issue for existing shareholders is that they remain in the picture so that they can benefit from increasing value down the road. That will require a relisting too, so that they can exit their positions if they choose to.
Comment by
Luna2020 on Jul 13, 2020 10:23am
TaN, why can't this be an acquisition? Why should is going along for the ride the only positive option for shareholders? I think someone buys us here. Financing was what GB limited us to last year. Now that he is gone (thankfully). We should sell here.... with the high premium on the whole sector. The time is right.
Comment by
Takeactionnow on Jul 13, 2020 10:48am
It certainly could be, but the real value to be gained is several years away. No reason to settle for peanuts today.
Comment by
Nanuk37 on Jul 13, 2020 11:15am
Would you accepte PG offer per share as a buyout ?
Comment by
Takeactionnow on Jul 13, 2020 11:24am
$0.25 per share? Yes, given the uncertainty of getting anything.
Comment by
Ciseaux on Jul 15, 2020 9:16am
Wow Luna2020, I did not know you were Charlene!! When I read your post a few days ago about $1/share, I thought that was overly optimistic!! How do you consider the recent comments of Fitzgibbon on Linkedin?
Comment by
CrazyProphet on Jul 15, 2020 10:39am
Can only hope you right ! One thing for sure Lithum is cycling back into the forefront bigtime that longs have known what is coming for a looong time ! Now its just sit back and watch the Giga factories popping up around the globe and big battery players taking share in producers ! Hard not to think Nemaska could not still catch wind in the sails !!!!!!!!
Comment by
Ciseaux on Jul 15, 2020 10:52am
Like CrazyProphet said, I hope you are right!! On my side, a 50 cents buyout would be a huge surprise, even if ALB & SQM stocks are up (they could be down in a month). We should know next week!?
Comment by
Luna2020 on Jul 15, 2020 4:00pm
Ciseaux, yes we should know next week. What are your expectations of the share price? $0.0 - $1.00. In March, I was thinking it would be $0.0. But, now with all the Li miners doing better it should be around $.50/share with good competition.