If all this happens & the listing completes in HK?
Lets just say we will all be very happy.
But don't get greedy, small steps at a time.
First we want this merger process to come up with a DD acceptable to all parties, That should happen as there has no doubt been a lot of behind the scenes work going on here for 12 months, but lets see it all in writing.
Then we can expect a few more announcements from LMB that, combined with a favourable DD will light up the share price a bit.
An upgraded resource for Korea for one & I think 1 or 2 new offtake agreements are also on the cards.
Those few announcements get us to say $1.30 to $1.50 then the agreed merger consolidates that.
Then we have the vertically integrated graphite technology company that everybody is aiming & hoping for.
I would like to think we list on the HK exchange with a market cap between $500m & $700m & then the analysts start playing with the figures as the posters above have done.
Then it can become scary as technology companies on the HK exchange can trade from 20 to 40 times PE.
But that is 18-24 months down the track.
And there's many a slip 'tween cup & lip as they say.
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