Correct a blocking stake in this instance will be used to vote NO.
This can be for a few reasons.
1) They want to keep the resource in AUST hands
2) They preparing for a take offer too. often with DD, LTR BOD can not negotiate with others, so they are quick to blow ALB out of the water before DD starts
3) They hold a large % of SOI and wait for the project to de-risk and in production before a take offer is presented ( obviously at a higher price, but lower risk)
ASX Today, page-32175
-
- There are more pages in this discussion • 11,711 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
61.8¢ |
Change
-0.008(1.20%) |
Mkt cap ! $1.515B | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.5¢ | 61.5¢ | $1.209M | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 624397 | 61.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 55543 | 15 |
View Market Depth
| Last trade - 10.29am 06/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |