No sandbox plays here...This situation is very intriguing to say the least...In an interview done this past spring, Warren Gilman indicated that CEF Holdings had been wound up because CIBC (50% partner in JV with CEF) wanted out. He said he then founded Queen's Road Central Capital to do the same thing as CEF and that Cheung Kong (Li Ka-shing Hong Kong listed flagship company) would continue to make investments in natural resources, etc.
So what could happen to Lithion? I see a couple possibilities:
1) It could be used to float Queen's Road Central Capital as a public company? May be QRCC already owns the investments that were previously held by CEF and CIBC JV?
2) May be it is earmarked for a particular mining project to be acquired from a major divesting the asset(s)?
Since Mr. Gilman is a shareholder of Lithion, it seems unlikely that he would be acting only as a power broker in the deal as he did many times in the past (ex. Maverix Metals)...Because there would be a conflict of interest...This option suggests he would rather be directly involved with this particular project with the accord of Cheung Kong?
One can only speculate about possible outcomes for Lithion at this stage but when looking at the nature and timeline of the announcements made public so far and the people involved, they are well organized and now exactly where they are going...Real pros of course...As we often say in this business: this could be big! And I am speculating it will be!
orepass