Just a thought on patience?A while back I owned shares in Arena Minerals a project generator, I held them for about a year and a half. Paid .10 they did nothing but flat line down to .04 got rid of a small position didn't mean much small position.
I didn't know Lotan was behind Arena as well, news out today from Lithium Americas.
Benefits to Arena shareholders:
- An opportunity for Arena Shareholders to realize a meaningful and immediate premium:
- The Consideration to Arena implies a purchase price of C$0.67 per Arena Share based on the closing price on December 19, 2022;
- Approximately 28% premium to Arena's closing price based on the closing price on December 19, 2022; and
- Approximately 27% premium based on Arena's 20-day volume weighted average price for the period ending on December 19, 2022.
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Just saying!