Bigger Picture Has anyone given any thought that they could be a piece to a larger consolidation and aquisition puzzle. The diligence on a deal like that is enormous, the LME Team might be evaluating other companies to merge and consolidate with as a larger entity to immediatley jump from an junior/intermediate miner into a major. Assuming the aquirier is Private Equity.
In my previous career, this was a strategy, acquire several smaller companies, consolidate them, pick the best MGMT Team, pump it full of equity to grow, flip it to a major. Aquiring LME from a Major's perspective will barely move the needle on their SP. Aquiring something like the above will be seen as strategic and be accretive for shareholders.