The company has on board Wall Street giant Goldman Sachs as advice and Rothschild & Co to serve the interests of the other nickel mining company IGO Ltd.
IGO Ltd’s proposal is to be understood in terms of shares and cash, which enables IGO to potentially make the most of a big surge in its share price.
The company’s shares have more than doubled since buying Australia’s leading lithium mine, Greenbushes, in December.
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