I like your thinking @scarpa.
Another possibility.
If you were Gina what would you do? ALB need LTR. Gina and LTR board, with shareholders having rejected the current ALB SoA could re-negotiate a deal for a percentage of ALB. Let's say fair value for LTR is $8 billion USD at current non-spot prices of spodumene.
(Into the bargain, quality Australian management at the Kemerton site could be of interest to ALB given delays and management changes recent).
ALB sits at $19 billion market cap. Their value would go to $27 billion USD theoretically with LTR.
LTR holders would be issued with the corresponding percentage of Alb shares (equating to around 30% of those currently on issue using assumptions above).
Essentially a script offer as has been mentioned here..
ASX Today, page-33462
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |