Evolution Mining to BUYOUT NILI (Q4-2024/Q1-2025)I am of the opinion that Evolution Mining will proceed with a BUYOUT of NILI
REASON: PEA was pushed out to Q1-2025
Evolution Mining mentionned in mega press release MRE
If you play poker, you know that body language is very important and sometimes more than the cards itself which you hold in your hands. You look for a smile, a wink, an eye movement, anything to be able to discern if the player has strong or weak hands.
The same applies to a corporation. Two powerful hints were dropped by the corporate body language:
- one is that Evolution Mining is named, which means they wanted to be identified as owners of 75% of the land, drawing a line in the sand that this property is theirs. It also shows some fear from Evolution Mining knowing what is on the property, wanting to prevent anyone else from having it. It is like a dog that marks it territory.
- secondly, management has proven that they deliver on their timelines. They pushed very hard to get the drilling done by August, the MRE to be done by end of September BECAUSE they wanted the PEA to be out by November or December 2024. Low and behold, corporate body language speaks and now PEA is pushed out to Q1-2025 with no explaination. All of of sudden NILI seems to be changing strategy from rushing the property to taking a little more time. The question is why? What changed? What is it's motivation for this? Corporate Body language would suggest that Evolution Mining has officially signed a non-disclosure agreement with NILI and we are now in a BLACKOUT PERIOD. I have seen this before and it only means one thing: BUYOUT.
In Q4-2024 or, early 2025 in Q1, I expect a HALT and then news announcing the BUYOUT.
BUYOUT will be done at FMV of what it costs to buy out companies with lithium in the ground. Prices of $ 100 to $ 150 USD per ton LCE.
Good Luck,