Post by
Right80% on Feb 11, 2021 9:27am
Liquidity event
Its kind of funny how people are so happy to get some liquidity that they will not bother to do the arbitrage math. Trading at a steep discount to LI. There is 25% more room in PLU that will eventually balance out. Probably today late or tomorrow once all the sellers are liquid again.
Comment by
Magiejr1963 on Feb 11, 2021 4:39pm
Do you mean sp appreciation by 25% to reflect parity in arbitrage?
Comment by
Right80% on Feb 11, 2021 11:09pm
Yes exactly what I mean. Infact including the warrants it's even more than that. It seems the market woke up a bit today. Next week we will see $1.15 +. Just needs to churn out the sellers.
Comment by
Y93H1979 on Feb 15, 2021 8:51pm
Listen to what the market says. If the price does no balance out, it is telling us one of two things: 1. That the share price of American Lithium is overvalued 2. That the deal is not going through. Possibly a combination of the two.
Comment by
haggard on Feb 19, 2021 12:14pm
I think you are right on both. I also think Plateau should reject the offer and hold out for a better offer from AL, or competing offer from anoher entity.