RE:Possible buyoutHi tinker,
Agree with your analysis.
Another example is Sibanye-Stillwater bought 50% of Ioneer's Clay project for US$490M, and paid 100% NAV. Ionner even didn't have permit, and get into wild flower issue.
So the management and investors would say NO, if the offer is riducularly LOW BALL.
tiger
tinker901 wrote: After reading Sourceman's post about a buyout, it led me to have a closer look at the deal to take over Neo Lithium.
Here is some info on that :
Before the deal, their 150 million shares were worth 4.12$ a share and their NPV was 1.1 billion USD.
So in todays values they were worth 475 million US or if you prefer, they were at 43 % of their NVP prior to the acquisition. Then, at 6.50$ the Chinese company bought them out for 750 million or if you prefer 68% of their NPV.
So even if I do not believe that this is in our cards in the near future, IF it happens in the same conditions for us, that would be 5.87$ a share for us and I would kiss the buyer on both cheeks.