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Bullboard - Stock Discussion Forum LITHIUM X ENERGY CORP V.LIX

Metals & Mining Industrial Metals & Minerals
"Lithium X Energy Corp is a lithium resource explorer and developer. It is focused on supplying the lithium battery industry. The company’s property includes Sal de Los Angeles lithium-potash brine project (the SDLA Project), in Argentina's Salta Province."

TSXV:LIX - Post Discussion

LITHIUM X ENERGY CORP > Question?
View:
Post by XTRMNVSTR on Dec 19, 2017 7:29am

Question?

From what I have read from the release can another company between now and February put in another offer and New Energy would have 5 days to raise theirs? Maybe Lix is trying to get a bigger offer?
Comment by Dtraders1 on Dec 19, 2017 9:00am
Albemarle could easily swallow LIX so yes there are chance that other offer could come as clearly the shareholder doesn’t agree with this sale at 2,61$ per share.  AAB could choose to not support this deal and they own 6 Millions shares of LIX.  If other shareholder vote against it it will be harder for the management to obtain the 66.6% vote (management hold only 6%). If today LIX doesn ...more  
Comment by MntGoatMatt on Dec 19, 2017 2:22pm
This post has been removed in accordance with Community Policy
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