RE:RE:RE:RE:MSB & LPI ArticleWith BRZ, you really need to be patient.
Since BRZ is a minority shareholder, nothing they can do, and are pushing around by their JV.
My "felling" is that the 3 partners will be merged into a single one, then a buyer will step in and buy out the single company.
Time vise, it all dictates by LPI, they pan to seperate their Auz and Argetina by the mid of this year, so I assume the merge will happen after that.
NO off-take is good to sell the company, the buyer can do whatever they want.
Typically Japanese companies are so caucious, and move slow. BRZ said the deal with Mitsu will be this quarter.
tiger
neosceptic wrote: EMTguy wrote: So they have been touting Mitsui for a year and now they say " decided to resist the temptation to sign an off-take agreement." I have been in this company various times for th past 6 years ! Same old song and dance ! They have the best Jr. Lithium project in the world! And they do what ? Say what ? Or Mitsui bailed ! Unbelievable!!
Yes, "resist the temptaion" sounds strange and vague. Was the offer too low? Was there a real offer?
I already got, that this company pace is about 2-3 slower than average Jr., 40% is due to location (Chili's bureacracy got nuts over last few years), 40% due to counterproductive JV structure (nobody want to lose supply because of intra-company bureacracy problems), and about 20% other, mostly management.
That is why I do not expect anything this summer, it is not a speculation (despite the "fnancing is coming" lines), but l-t investment. At the same time, in this market, you never know, offer may came out of nowhere.
Deposits of such quality are not going to be ignored and having DFS, permits on hands is a huge advantage.
I am going to be patient with them, paid off in similar situations before.