ASX Today, page-33321

@Scarpa you are missing a point, but that's a big point.

LTR is no KDR.
KDR even didn't have the DFS when it was taken over.
LTR is going to start production soon.

That "soon" is very soon. In April I'm hoping.

ALB might pull out even though it definitely needs KV project. That's their problem.

But the sp of LTR won't go down much IMO.
Even the people who sold their shares at $3 to Hancock will buy back around $2.70ish and outsmart Hancock.

LTR is no KDR.
LTR is in ASX 100, are you forgetting that?
There are a lots of funds and investment houses to buy in LTR as soon as ALB bid goes away.

I have been informed by a large holder and a small holder (2m+) that they have been contacted by the chairman of Euroz which is the broker of Hancock. The Chairman of Euroz said he was acting on behalf of Hancock, Hancock wanted to go up to 19.99% and happy to pay $3 per share with no commission. The large holder refused and small holder even didn't return the voice message left on his phone.

Apparently, as Euroz started to call the 2m shareholders, they are having trouble to buy new shares on off-market transactions. I don't think no one from TG's circle has sold a share to Hancock.

That means Hancock even will not easily reach to 19.99%.

Even the Euroz chairman stated that he didn't know what Hancock wanted to do next.

I don't know what Hancock thinks, or what shorters smoke, but this is LTR. It's not an ordinary stock market company. Its project is about to be finished, its customers are major world wide companies (Tesla, Ford, LG) and it has very supportive shareholders.

Btw some opinions of mine below, based on some chats and chats of some chats;

LTR management looks like they have no contact with Hancock and have no idea what Hancock wants to do.

I also don't think that LTR management would be happy to see Hancock on board. They don't want to be controlled by the people who have no idea about lithium industry and LTR's project.

That means as I said on my Post #:70108712 was 100% right

"I'm no longer supporting Hancock to have a seat in the board, unless TG wants to give a seat to Hancock.

We don't know what Hancock wants to do but there are crystal clear things here.

• It looks like from our survey here that majority of the retail holders will vote "NO" for ALB's takeover. (It's highly probable that ALB will not be able to get 51% of shareholder on HIN number bases voting)

• If Hancock puts a counter offer on top of ALB's bid, it would also highly probable that the retail holder vote would be again "NO" if we won't like it.

• Neither ALB or Hancock can't do Hostile Takeover because TG's 15% shareholding block any takeover. We wouldn't also be selling to any hostile T/O offer which we won't like"

So that's it.

Let's wait and see how the lithium supply/demand deficits unfolds soon.

The global EV sales YTD (year to date) are up 39% for the 8 months in 2023. That means we will see a growth rate of EV sales over 40% in 2023.

I'm sure that lithium supply has not increased any more than 20% increase in 2023. At least we know all Australian hard rock producers which supply 50% of global lithium (LCE) supply, didn't increase even 10%. If the brine supply is up 30% then the whole supply average would be no more than 20%.

And that means the lithium/supply deficit is knocking the door now. If you here it or not, but it's there. Coming soon IMO.