AFR article this evening about the Liontown takeover. This bit I found interesting from Reg Spencer….
Canaccord Genuity analyst Reg Spencer said Albemarle’s bid valued Liontown’s lithium at $US1900 a tonne; about 50 per cent higher than the lithium price the market appeared to be applying to the rest of the ASX lithium sector.
“The bid provides a piece of information on what a large-scale lithium business might be thinking in terms of long-term prices,” said Mr Spencer in a note to clients. “We believe it suggests that overall, lithium companies remain undervalued.”
Good News & Bad News, page-32884
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