looks like Gina wants LTR good luck to all shareholders Big lick...

looks like Gina wants LTR
good luck to all shareholders

Big lick of Liontown shares trade amid takeover; eyes on Gina Rinehart
Sarah Thompson, Kanika Sood and Emma Rapaport
Sep 7, 2023 – 1.34pm
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Plenty of eyebrows raised over at Liontown Resources on Thursday, with some unusual trading activity only days after the lithium producer agreed to support a $6.6 billion takeover offer lobbed by American giant Albemarle.
Mid-tier stockbroker Euroz Hartleys traded around 1.7 per cent of the company’s stock across five large blocks at $3 per share, piquing the market’s interest given the shares were trading at $2.90 apiece. That’s the same price bid by Albemarle last week. The trades sent Liontown share price soaring nine per cent on Thursday to close at $3.02.
Trading volume also spiked to 85.6 million from 15 million a day earlier.

The identity of the buyer was not known, and Euroz declined to provide details.
However, fingers pointed to Australia’s richest person, Gina Rinehart.
The mining billionaire holds a 4.9 per cent stake in Liontown, just under the substantial threshold and has previously used Euroz. Rinehart, meanwhile, has shown plenty of interest in expanding outside iron ore, where her Hancock Prospecting is a major player.
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LTRLiontown Resources

$3.020 9.03%
1 year1 day
Sep 22Mar 23Sep 231.1002.2003.300


Updated: Sep 8, 2023 – 8.45am. Data is 20 mins delayed.
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