Only differences are that Mike Cannon-Brookes stayed out of this one and that this saga has not claimed the scalp of the board – yet. Liontown It looked like this one was a done deal. American miner Albemarle made an A$6.6bn bid for Liontown. Then Gina Rinehart bought a significant stake in the company, giving rise to hope that there might be a bidding war that would end with the company snapped up, by one party or the other. Albemarle's bid was suddenly withdrawn after the latter's due diligence and Gina Rinehart is yet to move on the company. Given first production is expected in CY24 and its Mineral Resource Estimate of 156Mt at 1.4% lithium, we wouldn't be surprised to see M&A interest in this one in the coming months. We admit that capex is a concern, although the bulk of funding can come from within the company's own cash reserves. What are the Best ASX Stocks to invest in right now? Check our buy/sell tips