Why ASX battery metals juniors are prime takeover targets for the majors
Resources
10 hours agoNovember 2, 2018 | Angela East
Hi holders, we may witness a big move in JDR share price this coming week after talk by management today of a potential take over by RIO Tinto due to JDR extremely close proximity to RIO Tintos giant JADAR lithium deposit
"Jadar has a lithium project in Serbia right next door to one of the world’s largest miners — Rio Tinto (ASX:RIO).
In September last year, Jadar struck a deal to acquire five lithium-prospective exploration licences in Serbia, two of which are located near Rio Tinto’s Jadar lithium project.
The projects are considered prospective for lithium and other pegmatite hosted minerals, including jadarite — which contains both lithium and borate Jadar chairman Luke Martino told * the location of the company’s project potentially makes it a prime target for Rio Tinto."
Certainly i will be buying a lot more at this level. $3.4Mil in the bank and 340Million shares on issue with some very exciting nearology Lithium deposits. I think Lithium is about to heat up again, and JDR is primed in my opinion from a very low base pt the moment.
drifta
