Lithium M&A: Who Will Be Next? Battery demand fuels Rockwood's Talison Lithium buy
"As we have mentioned before, in this mega trend of Energy Transition driven by Peak Oil multiplied by Inflation - it is very important to cut all the noise fueled by Oil lobby and look what people with money and vision are really doing and not only what they are talking about. China, Japan and Korea are all over the place making investments in Lithium developers for the last few years. There are only few credible companies left now for this consolidation stage and with every next deal the strategic nature of crucial supply of Lithium to fuel the Green Mobility revolution will be more and more apparent. By that time, when general public will be chasing everything with the word Lithium again - it will be the right moment to Sell."
We have the war, but the best one and the only good one you can have - The Lithium Bidding War now! While West is playing with our Lives and its Future in the Middle East - East is making its Future step by step and They Have The money - We Have Only Debt:
16,281,329,916,599.63
We need some AC/DC Voltage here from Argentina for sure to wake up our Lithium juniors from winter hibernation!
CS. We have same Old, same Old under the Sun. Here we are keeping up with life from Qn to Qn+1 at best. In other places people are building Future, Securing Strategic Commodities for it and Looking forward 5-10 years.
We will not compare any political systems here - Our Democracy is the best money can buy, but still myopic vision will hurt us all and not once. Solutions? We Do Not know. Start with yourself, your Family, Village, Country - Just make things Better Around you, if you can.
We are even trying to move into the Movie Business with Juniors market as it is now. We are having Fun, if you will have couple of smile - we are almost there. If it will help you to help us To Educate - we are done. You can never educate Anything before you at least have made a Good Effort to study it. It is a process and this is what is the best about it.
Long Intro, but this Topic is so Crucial - Lithium is The Base for the Next Industrial Revolution. Chinese Do not Even Have anything close to Tesla Model S now (yet), but check your iPhone and iPad - they are "Made in China". Designed - Proudly in California - but it is Only for now, if we have "serious guys" who calls Tesla Motors Losers. We would put CIA on it Right Now - why Mitt was bashing the American Technological Dream? Who Is Paying for it? if it is Local Boyz - we guess - it is fine ... but what if it is Not? Who can Damage His Own Country with such a smile?
Here is another Most Important Thing - We Do really Enjoy and Appreciate Every Day The Place we are living and God bless us all - we can still Joke about Mitt Romney if he can Joke about Us. For how long? This one will be for another entry - some Scripts Are Already in Play.
Chinese companies have already taken positions in Lithium Developers: like the ones we are following here - International Lithium, Rodinia Lithium and now are trying to take out Talison Lithium from RockWood Holding and Bring the Oligopoly Down! It is all about The Security of Supply.
Here is another Most Important Thing - We Do really Enjoy and Appreciate Every Day The Place we are living and God bless us all - we can still Joke about Mitt Romney if he can Joke about Us. For how long? This one will be for another entry - some Scripts Are Already in Play.
Chinese companies have already taken positions in Lithium Developers: like the ones we are following here - International Lithium, Rodinia Lithium and now are trying to take out Talison Lithium from RockWood Holding and Bring the Oligopoly Down! It is all about The Security of Supply.
Talison has just balanced its business between Spodumene and Brines productions with acquisition of Lithium One, Rockwood Holding Jumped on it at once - and it can be going out dating with Chinese Partner. We are running out of our Juniors in Lithium space to write about faster then we can find the new ones. Here the Main Point - world is On The Edge of Economic Collapse today, but Already is Running Out of Resources, what will happen when our Intel will be played out?
Just check yourself what is left in this space and we will write you about, what we can see, as usual.
International Lithium Corp. Blackstairs Lithium Project in Ireland - Option Agreement With Ganfeng Lithium Approved ILC.v, TNR.v
"Vancouver B.C. November 14, 2012: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that, further to its news release dated October 2, 2012, the TSX Venture Exchange has accepted for filing the formal option agreement (the "Option Agreement") with GFL International Co. Ltd ("GFL"), an investment company wholly owned by Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), to earn up to a 100% interest in ILC's Blackstairs project (the "Blackstairs Project") in Ireland."
Lithium Brines Play In Argentina Is Back - Toyota Tsusho Buys Into Olaroz Deposit With Orocobre ORL.to, ILC.v, RM.v
Lithium Rush: The Art Of War In The Markets: China Getting Ready For 5 Million Electric Cars by 2020
Consolidation Potential for Lithium Juniors GXY.ax, LI.v, ILC.v, ORE.ax, RM.v
Nasdaq:
Talison Lithium Limited (TLH.TO) confirmed today that it has received a non-binding, conditional proposal from Chengdu Tianqi Industry Group Co., Ltd to acquire all of the shares of Talison which it does not currently own at a price of $7.15 per share.
Talison is currently party to a scheme implementation agreement with Rockwood Holdings, Inc. dated August 23, 2012 pursuant to which Rockwood proposes to acquire all of the shares of Talison at a price of $6.50 per share.
Talison says its board will meet in the near future but added the company is not yet in a position to make a determination as to whether the Tianqi proposal is a "Superior Proposal" as defined in the Scheme Implementation Agreement, or reasonably likely to lead to a "Superior Proposal".
Under the terms of the Scheme Implementation Agreement, Talison is at present prohibited from discussing or negotiating the Tianqi proposal or granting due diligence access, as contemplated in the Tianqi proposal.
"In the meantime, the Scheme Implementation Agreement remains in effect, and there can be no certainty that a transaction giving effect to the Tianqi proposal will be pursued or implemented," Talison said.
TLH shares rose 1% to $7.14 in heavy trading of 3.36 million.
Talison Lithium Limited TSX : TLH  |
November 19, 2012 12:50 ET
Talison Lithium Responds to Tianqi Announcement
PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 19, 2012) - Talison Lithium Limited ("Talison") (TSX:TLH) notes the announcement today by Chengdu Tianqi Industry Group Co., Ltd ("Tianqi") regarding the submission of a proposal to acquire all of the shares of Talison which it does not currently own at a price of C$7.15 per share. Talison confirms that today it received a non-binding, conditional proposal from Tianqi at C$7.15 per share.
Talison is currently party to a scheme implementation agreement (the "Scheme Implementation Agreement") with Rockwood Holdings, Inc. ("Rockwood") dated August 23, 2012 pursuant to which Rockwood proposes to acquire all of the shares of Talison at a price of C$6.50 per share.
The Talison board will meet in the near future to consider the Tianqi proposal but is not yet in a position to make a determination as to whether that proposal is a "Superior Proposal" as defined in the Scheme Implementation Agreement, or reasonably likely to lead to a "Superior Proposal". Under the terms of the Scheme Implementation Agreement, Talison is at present prohibited from discussing or negotiating the Tianqi proposal or granting due diligence access, as contemplated in the Tianqi proposal. In the meantime, the Scheme Implementation Agreement remains in effect, and there can be no certainty that a transaction giving effect to the Tianqi proposal will be pursued or implemented.
Talison will continue to provide information on a timely basis in compliance with all legal and regulatory requirements.
ABOUT TALISON
Talison is a leading global producer of lithium and has been supplying a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In anticipation of sustained growth in lithium consumption, driven primarily by the secondary lithium battery market, Talison has doubled its production capacity at the Greenbushes Lithium Operations.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, among others, those described in the unaudited condensed consolidated interim financial statements of Talison as at September 30, 2012 and for the three months ended September 30, 2012 and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2012 dated September 26, 2012, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
Contact Information
- Talison Lithium Limited
Frank Wheatley
Executive Director
+1 (604) 985 0528
Macquarie Capital
Michael Ashforth
Executive Director
+61 (8) 9224 0644
Macquarie Capital
David Cobbold
Managing Director
+1 (416) 848 3654
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