I trust the acquisition was done at this buying level for maybe 2 reasons, 1. either they aren't too confident of the Pilabara project or 2. They are very confident of the project which tells them they will not be able to get back to this price level ever, and hence the acquisition at this level? My 2 cents anyways.
Ann: MPJ Expands East Pilbara Lithium Portfolio, page-41
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