ASX Today, page-33949

They probably 'hold' LTR in a short-sold fashion. Or 'hold' a relationship with short-sellers.

I also bought more today, and will continue to do so at these ranges. Looking at what SQM are paying for AZS is re-assuring for LTR's value. Notwithstanding AZS's resource is quite likely to be better than LTR's - they face years and years of further resource definition. feasibility, environmental approvals, procurement, construction, commissioning than what LTR will face (which is 0.75 years).

That alone is worth many billions (based on expected profits between now and then).