Post by
lithomon on Oct 25, 2022 11:22pm
$20 Million - Who's buying this chunk of Frontier???
Actually, PLL (Piedmont) probably makes the most sense.
Hardrock Lithium experience.
Market exploded this week and FL slip, sliping, away.......Not good trend.
Lots of Royal Bank sales of Frontier......Definitely controlling the price even further downwards.
Making it all that more easier for a large market capitalized Lithium player to move-in and buy out the top Lithium finds and resources in the world.
Although it's kind of laughable, it might not be when FL shareholders get their respective offers at $4 or $4.50 a share including premium to 20 day average trading price (PLL, LAC, etc. and the FL acquisition should bring those companies on par to Albemarle).
Comment by
Margin321 on Oct 26, 2022 9:59am
well albemarbe does have market cap of 32 Billion versus 1 billion for PLL and about 3 billion for Lithium America. Striking thing about PLL is share count of 17 million, early shareholders have done well in part due to lack of dilution. And the $60 share price does give them access to capital from very small share sales.