Post by
MaterialsMan on Mar 28, 2023 5:23am
M&A activity
ALB is hot after Liontown which was up about 70% overnight. They are offering about 4 billion U.S.
CXO has a similar size operation with probably a two year head start production wise.
If ALB shifts its attention to Core, there will be some fireworks. Its MC is only around a billion. Plenty of room to run. CXO was up 15% on triple the normal volume. Many materials stocks were up considerably on the ASX. LTR rejected the bid as insufficient. This should turn CXO into at least a five bagger. Maybe just maybe investors are waking up to what is going on in Australia.