Who knows, we’re guessing a lot. A TO is usually a surprised Ann, example LYC the other day by Wesfarmers is typical.
But if livent is on the prowl, which are the most prospective? - can count on one’s fingers - part of pls or whole of Gxy, ajm and a40 as kdr’s already in bed with sqm. Pretty sure livent’s already eyeing some of these as bargains at current SP’s. It just depends on what sort of prey it’s after. Gxy is looking vulnerable for a takeover at the current sp. much of SDV or none of Jb are built into the sp