Goyder has two birds in the bush; the one in the hand must be tempting
Like Syrah and Kidman before it, Liontown faces that awkward and expensive transition from explorer to producer. That’s why Albemarle’s bid is perfectly timed.
Timing is everything, and US company Albemarle’s takeover bid for Australian lithium aspirant Liontown Resources has come at the most perfectly awkward time for the target.
Liontown is in the middle of the difficult period that eventually confronts every pre-revenue explorer that finds a world-class resource; the expensive transition from explorer to producer.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
