Rio Tinto......Well Constructed Hostile BidPrecisely RioTinto, that's what I have been trying to say.
75% of the FL Company is in the hands of non-management of FL
Major mining producers have allocated $$Billions of dollars to global projects and takeovers, and in some instances, to projects that didn't even get to production operations (my mind goes to Barrick about 5 to 10 years ago, I believe in excess of $10 Billion was expensed which eventually became a tax write-down for Barrick and walked away).
FL is essentially production ready, sort of speak. Nothing further has to be done to continue to expand the Lithium resource (you can if you wish to). The multiple high grade Lithium mine discoveries carry on for miles & miles of white Gold outcropping.
High quality Lithium battery grade production has been shown & proven.
The FL Lithium mine discoveries just need some big production/operating guns to complete the remainder of this exercise, get the permits in hand, engage their (Tinto's) effective construction/procurement/project management Group and Voila, it's a Lithium cash cow Lithium Division for Rio Tinto for many decades.
$500 to $800 million to bring the FL Group of Lithium mines to full battery grade production operations is walk-around money for Tinto.
Thus, Rio will surely pay $10++ a share if need be (a token acquisition cost for Tinto), once the market buying begins to acquire the 75% of non-management control of Frontier Lithium.
Rio may even begin with private discussions with larger (key) shareholders in that 75% Group of FL shareholders and meet at an agreed purchase price.
Happy New Year to you as well Feedmeinfo & everyone on this Forum!!!
2023 is likely the year FL gets taken out in the subsequent flurry of Lithium buy-outs.