OTCQX:NTTHF - Post by User
Post by
lithomonon Oct 21, 2021 3:27am
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Post# 34031074
Where are Investors Going Next with $6.50/share Cash??
Where are Investors Going Next with $6.50/share Cash??Not likely Frontier Lithium gets taken out as Insiders with deep, deep pockets own in excess of 25% of the outstanding shares and FL's "HIGH" grade Lithium deposit(s) from surface to great depth in mining experienced, mining progressive region, ultra low mining strip ratio, Direct Shipping Lithium ore's for Spodumene concentrates processing ($2,200/ton market price) and FL's battery grade Lithium Hydroxide product with low iron, no sulfates, no chlorides meets the specifications of Chinese and North American OEM battery manufacturers.
Thus, given FL's very tight float, increasing volume, high management ownership, highly likely FL gets to put shovel in ground to begin operations without any alert of Buy-out or takeover which gives chance for share price to appreciate in timely increments (perhaps even $20/share or greater which is the price investors were expecting for NLC).