RE:RE:RE:ML's Investors are f-kedTO ALL,
It's shameful on ML's management & BOD, they are only looking after themselves, and are short sighted.
Look at NLC, its market cap has increased to 500M$, lithium price has been increasing, lithium will be short supplied in the next few years, the EV revolution and lithium BULL market just started. When you have 50M$ in the bank, why you are in so much hurry to sell the company?
I sold all my 170K shares between 3.43 to 3.53, and bough my already over weighted position in NLC. The ML's management should be sued, like PLL.
tiger
tiger2201 wrote: Hi Allan,
I am not against to sell the company, but at what price! They just raised equity at $4.00/share in last February, that's the minimum I am looking for.
The 8% premium to Thursday close price, and about 21% premium to the last 20day's price is just too low. In a depressed market, the bought out premium is typically 30%, and in a Bull market, it can easily fench 50%.
Using market cap, NLC has a market cap of $465 M, although the 2 projects are different, if you are using NLC's market cap as a guide, we can easily get $4.50/share.
The management have made tons of money through options along the way to today, they are the gainers, and they are selling the company too cheap. We are just starting the lithium BULL market, and I see there are more gain for ML's investors
It seems that the share price responses do not indicate there are higher offer(s) coming. Also SH members do not care about it, only you and me are talking about it. Our small investors cannot do anything about it, unless Major share holders stand up to against this deal.
Allanapotashbelgium wrote: Then let's hope another offer is made
The Arrangement provides for, among other things, customary Board support and non-solicitation covenants, with a “fiduciary out” that would allow Millennial to accept a superior proposal, subject to a “right to match” period in favour of Ganfeng.