29% of Company17 Jun 2018 13:52
As has been stated often by one poster 29% is probably enough for SC and hopefully we can all be content that this chapter is now behind us.I am inclined to accept it is as to proceed to 30% plus leaves SC in a difficult position as they will be obliged to put forward a buyout offer.I see little benefit of that, as many have made the point it is the Lithium they want, buying the whole Company would require difficulties that are in no way beneficial.Their holding and commitment to buy all the Lithium at market value is reassuring and gives them a secure discount of 29%.
Frankly who likes BA who doesn`t, who thinks he treats all shareholders equally or not may be in the rear view mirror. Drilling results, Jorc and scoping essentially the tangibles are far more important as well as do we join with Birimian and others is what we should be concerned about. Anybody that meets BA seems to like him which is good but he possibly may have mixed opinions on them.It doesn`t matter in the slightest solid facts is what we need and they have been promised,but the timetable may go awry.
We need to give him a break,but we also need to be alert and stick together.For me what I want is still why I bought shares initially a good solid Lithium mine run honestly and profitably for all involved.I believe it will happen in time.
GLA.