Post by
neosceptic on Oct 12, 2021 9:33am
Zijin group gain
Zijin gained 1.1B USD in capitalisation after the offer - shows how much NLC asset is valued.
Their shareholders obviously see 730M USD payment for NLC as a great deal.
I lowering my bidding war forecast from 50/50 to 20%, Zijin's main shareholder is Chinese Communist Party, well gov't investment group to be precise - Ii do not think they will allow any other Chinese companies to bid...and so far China is the hungriest for Li control.
US bid on own lithium and Europe want to be depend on someone else whether it is Li or natural gas...
I will vote "no" and will hold, but begin to think where to invest next... :(