RE: ARV-JV PARTN: "GREENTECH LITHIUM PEGS SURE TO TEMPT BIG PLAYERS-GREENTECH HAVE ALSO ATTRACTED THE ATTENTION OF BIG PLAYERS."-1wk ago.11 Feb 2024 12:05
Story of Azure:
They were a junior explorer in Mexico [Azure Minerals, #AZS listed on the ASX, Oz]. Let's say it didnt work out and the CEO knew the legendary Creasey. He pulled out the LICENCE at Andover Complex, Pilbara, Western Australia and gave AZS to farm in at 60% whilst Creasey kept the other 40%. The takeover of AZS by Gina Rinehart of H.Prospecting & Albermarle is for A$1.8bn [Alistair Clayton's tweet]. Therefore, one has to GROSS UP what the takeover is valued at MARKET which will be A$3BN. [Simple maths: If 60% =A$1.8bn, then how much will 100% be?].
---$3BN BILLION FOR 100% OF AZURE MINERALS, ASX -"DOORSTEP" TO ARV 100% AND ARV/GRE JV.---
WH IRELAND TARGET PRICE: BRITISH 11.2 PENCE OR A$0.21.
SO, HOW MUCH IS 11.2P IN TERMS OF MARKET CAP? I will use A$ WH quoted. ARV in Oz closed at 1.9c Aussie with a mkt cap of A$32m. So, WHI 's target price of 21c is roughtly 10X of 1.9c and therefore, MKT CAP IS ABOUT $320M. Let's take a round figure for easy cals, say ======A$300MILLION --WHI TARGET MKT CAP @21c Australian.======
CURRENT MKT CAP OF ARV, AUSTRALIAN LISTED, FRI, 9 FEB 2024:
1.9c , MKT CAP A$32m.
AZURE 100% MARKET VALUE PER TAKEOVER BY CONSORTIUM OF GINA & ALB=A3 BILLION.
So, how much are shareholders attributing to ARV, London or Australia?
====ANSWER: 1% [10% of A$3bn = A$300m. 1% of A$3bn= A$30m].====
Reason for WHI target price of 21c [Oz]? ---"CONSIDERING MKT REACTIONS TO NEIGHBOURING LITHIUM PROJECTS IN THE -----------SAME GEOLOGY.---------------
GREENTECH METALS: ARV'S JV PARTNER
Their share price is 34c Aussie, MKT CAP : A$28m.
Tom Reddicliffe, CEO of Greentech said in an interview [link I have already given] that he has "BEEN APPROACHED BY MANY CO's." BUSINESS NEWS, 1 WK AGO WROTE AN ARTICLE: The above title of this thread and stated: "===HAVE ALREADY ATTRACTED THE ATTENTION OF BIG PLAYERS." Ha Ha: GRE tweeted this article themselves on Twitter. LoL: Mr Tom Reddicliffe didnt tell shareholders who approached him but how Business News found out, I dont know. Suffice to say, Greentech then TWEETED THIS ARTICLE THEMSELVES, hence how I came to find out having read the article and the interview by the CEO, T.R of GRE.
-----------------------ANY WONDER WHY "THE BIG PLAYERS" have "ALSO" "ATTRACTED THE ATTENTION OF BIG PLAYERS"?
GRE TWEET: They did not just tweet the link to this article but typed the tweet: " GREEN TECH HAS SUDDENLY FOUND ITSELF ---NEXT TO A NEW POWER PLAY---AMONG LITHIUM GIANTS------===RIGHT NEXT DOOR=== to its own developing lithium projects in W.Australia." [Like the humour of Tom R, CEO of GRE: "suddenly found itself" ---well after the initial results vs Azure , not surprising is it? GRE IS HALTED FOR DRILLING RESULTS. SP JUMPED 60% AND THEY HAD TO HALT IT AND ISSUE AN ANN/RNS-RESULTS DUE.
ARV
100% MARIE rock chip results akin to Azure's. WH IRELAND' s note ,31.1.24 had not taken this in yet at the time.
KOBE TREND 7.5KM & LINK UP = 15KM POTENTIAL STRIKE [GRE/AR