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LITHIUM X ENERGY CORP V.LIX

"Lithium X Energy Corp is a lithium resource explorer and developer. It is focused on supplying the lithium battery industry. The company’s property includes Sal de Los Angeles lithium-potash brine project (the SDLA Project), in Argentina's Salta Province."


TSXV:LIX - Post by User

Comment by Dtraders1on Dec 19, 2017 9:00am
184 Views
Post# 27185275

RE:Question?

RE:Question?Albemarle could easily swallow LIX so yes there are chance that other offer could come as clearly the shareholder doesn’t agree with this sale at 2,61$ per share.  AAB could choose to not support this deal and they own 6 Millions shares of LIX.  If other shareholder vote against it it will be harder for the management to obtain the 66.6% vote (management hold only 6%). If today LIX doesn’t rise with significant volume this will show a clear sign of a majority disaproving this deal and the door is open for better counter offer.  One thing is for sure, all this is attracting the attention of lithium industries!
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