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5.11%

83.5¢ liontown resources limited

Ann: Albemarle and Liontown not proceeding with proposed scheme, page-226

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rookstar

4,935 Posts.

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16/10/23

15:24

Post #: 70369550
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Originally posted by JJP400 ↑

Exactly!

LTR are a decade off and multiple billion dollars off getting to the pinnacle a "lithium hydroxide plant" (mentioned in annual report)

WES joint venture with SQM "https://www.covalentlithium.com/refinery" is still 2 years away even with all the resources and cash available of both organisations.

LTR BOD obviously believed $3 was a fair price to sell which in reality means "above market"
I believe the price will absolutely tank, ALB withdrawal, share dilution for future funding, GR factor and ALB wanting to sell their 4% stake.
I would think that the BOD and GR relationship would be a bit frosty and I would expect multiple board changes over the next little while.
I also believe GR knew she was going to pay above and was prepared to do so for 19% share. Her next purchase will be at a significantly less share price bringing down her average considerably ! I believe GR will acquire LTR over a very very very long and painful period for shareholders.

The above is In My Honest Opinion

DYOR

Expand

Where is the article/statement that ALB is selling their 4% stake?

Shows how credible you are!

LTR Price at posting: $2.79 Sentiment: Buy Disclosure: Held
6 Upvote

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Last 83.5¢		Change -0.045(5.11%)		Mkt cap ! $2.024B

Open	High	Low	Value	Volume
89.5¢	92.5¢	83.0¢	$25.50M	28.93M

Buyers (Bids)

No.	Vol.	Price($)
4	28887	83.5¢

Sellers (Offers)

Price($)	Vol.	No.
84.0¢	22350	2

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No.	Vol.	Price($)
4	28887	0.835
7	38554	0.830
9	369834	0.825
8	218569	0.820
4	204020	0.815

Price($)	Vol.	No.
0.840	22350	2
0.845	61294	4
0.850	144238	1
0.855	51000	2
0.860	58488	3

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