Thoughts as to how AAB $ will react to LIX sale ?
So we know that ... assuming the sale goes through ... AAB will receive almost $16m in cash. Which is pretty much = to our market cap at current SP ! Never mind that AAB would still hold a 1% NSR on the LIX property + numerous other assets ... So my Q is .... how do we think tbe market reacts to so much hard $ being there ? There is no harder or more liquid asset than 16M $. SP has to go up right ? How much ? My guess is to somewhere around .30 .... thoughts ? Also wondering if this group has any thoughts avout how AAB will vote on the LIX sale ? Given the # of shares of LIX AAB holds ... this is actually a crucial Q. AABs vote is probably pivotal. I personally think the chances are high AAB votes no. Li bulls will consider the offer poor and its quite likely a better offer > than $3 that triggers the $3 clause would come from someone luke SQM down the road. AAB CEO is no dummy ... he knows this. Of course ... as an insider... he may also b being paid off on the side to vote yes ... ;0).