Post by
Jimo82 on Jan 31, 2024 10:16am
Bigger Picture
Has anyone given any thought that they could be a piece to a larger consolidation and aquisition puzzle. The diligence on a deal like that is enormous, the LME Team might be evaluating other companies to merge and consolidate with as a larger entity to immediatley jump from an junior/intermediate miner into a major. Assuming the aquirier is Private Equity.
In my previous career, this was a strategy, acquire several smaller companies, consolidate them, pick the best MGMT Team, pump it full of equity to grow, flip it to a major. Aquiring LME from a Major's perspective will barely move the needle on their SP. Aquiring something like the above will be seen as strategic and be accretive for shareholders.
Comment by
AuMyGod on Jan 31, 2024 12:48pm
I hope this is a consideration. Not sure if something like this would happen with an all cash deal - which they seem to be pretty ridgid on. Hoping they haven't turned down attrative offers just because it's not all cash.