Bloomberg Interview - 1st Words About Frontier Lithium"Frontier Lithium has Really ROLLED OVER"
Cole McGill, VP Mining Stifel Financial, his response, "It HAS, It HAS"
Cole also talked about Lithium Ionic, with a strong management team, the share price has really held up well.
In fact, Ionic's share price has soared while Frontier's share price has nearly collapsed.
Cole further commented, given the situation of FL's share price, Frontier is a Prime Takeover Target.
No surprise to most.
It is obvious by his facial expression. He really wants this FL bunch out of there.
Probably a lot of Stifel clients purchased at much higher FL share price.
Cole also discussed the general premium for Lithium buyout is about 70%.
Obviously, the further the share price drops, the more likely a Frontier Lithium buyout is imminent.
Staying with my initial prediction. Lithium Americas launches a Buyout of Frontier Lithium once its North American Lithium spin out company is actively pursuing in October.
LAC North America will likely offer a share exchange buyout (e.g. 1 for 15 or perhaps 1 for 12 or even 1 for 10 if taking into consideration a buyout price premium) and retain cash to construct the Lithium production operations.
The result of this buyout transaction = General Motors secures Lithium compound for 50+ years.
It becomes clear why Mary Barra sat down with Jon Evans to consummate a supply deal with Lithium Americas and NOT Frontier Lithium.