Genesis’ Dacian dramas give Albemarle a peek at an alternate universe

If Albemarle executives needed any emotional reinforcement about their decision to abandon a $6.6 billion takeover of Liontown, Monday’s ructions between two other Perth miners, Genesis Minerals and Dacian Gold, would have given them great comfort and perhaps a bit of vindication.

Genesis on Monday rolled out a $56.6 million bid to clean up the remaining 19 per cent of Dacian, after its hand was forced by a few stubborn types who refused to sell into last year’s scrip-based takeover.