Things that make you go hmmmm!!here's an interesting AVZ post from HotCopper that could just as well apply to TTX....
Anything is possible....
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I’m surprised some think this (AVZ) isn’t on RIOs and BHP acquisition list.
Both companies and others are under enormous pressure to exit carbon intensive assets and have to replace them with the minerals of the future. Pretty obvious stuff
For those that follow their acquisition strategies they strive to own assets in the bottom cost quartile to ensure profit in a downturn and to set competitive pricing when required . AVZ will be the largest unmin aed lithium deposit in the world at the lowest cost position and with remarkable growth potential. There is not doubt it is on their lists .
I expect the granting of the ML could well trigger a competitive auction for AVZ . The question is what premium will be paid vs the market price after the granting. No one can answer that but these are very rare deposits with high interest from miners and strategic interest from countries and customers.
The share price could jump to $1.25 on the ML. A reasonably common premium would be 40% but given the frenzy over lithium and number of players interested I believe it could be a premium of 150% or $3.00 . Nowhere close to true value when fully commercial but a good return for many shareholders. This would need to occur in the first half of this year or the base could move to $2.
Would be interested in others views....