Post by
GoldBug024 on Feb 28, 2018 1:09pm
20 million breakup fee might be not as bitter a pill
lithium valuations have come down hard sine the deal. Nextview might save more by just walking away and buying something else at today's valuations
Comment by
wilwal on Feb 28, 2018 2:45pm
No doubt the declining valuations is causing this. A deal with Asians is never done until you have the cash. I expect they are talking to LIX right now for a revised price based on the Morgan Stanley oversupply forecast.
Comment by
rockmoney on Feb 28, 2018 3:30pm
The break fee is not that simple. In a normal one if you do not close, you ge the fee. In this case, it's only released by mutual consent. That mean the Chinese can stop the payment. This deal is dead in my opinon. Look at Bancanora. Dead. And the market is saying that today. Takeover permium just evaporated. And when it dies, there will be zero breakfee paid. And probably a lawsuity instead.
Comment by
ch1nmuzak on Feb 28, 2018 9:06pm
maybe ... maybe not... thus the "gambling" aspect. I for one bought more this AM at $2.05, this price was too good ( 25% gain inside 10 days for best case scenario).