I believe Albermarkle have a mountain of debt to pay back , and they are just offloading assets to pay down there debt otherwise they become insolvent and go could go bust and there advisors have told them to sell assets off. The $120 million are already snapped up by institutions and superannuation funds ,we will probably see a bounce tomorrow by 5% or more imo .
Lithium futures are pointing up.
News: LTR Albemarle's Unit Puts Stake Worth About A$121 Mln In Liontown On Sale Via Block Trade -..., page-79
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Last
61.0¢ |
Change
-0.040(6.15%) |
Mkt cap ! $1.479B | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 64.5¢ | 60.0¢ | $11.74M | 18.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 453484 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 487392 | 4 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |