AKE is currently merging with Livent to create a New York-listed $US10.6bn global force and if all goes according to plan it should be complete by Christmas – AKE shareholders get 1-1 in the new company and LTHM receive 2.406 of the new entity – this is a great example in our opinion of the cream floating to the top in this relatively new industry.
- We have included AKE today to illustrate how volatile lithium stocks have been over recent years i.e. don’t underestimate how far they can travel in both directions.
MM is neutral toward AKE ~$15
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