Wouldn't be too sure about that. Li bottomed couple of months ago, been a steady grind higher since then. This offer is ridiculously low based on previous comps.
Although these guys probably aren't encouraging it, it wouldn't be out of the realms of possibilities for another company to realise how cheap this is and say well I might have some of that. How much would it be worth for LTM not to have someone set up next door and start extracting the same lithium they are? A lot more than US$63M I would guess.
Ann: Sale of Solaroz Lithium Project for A$97 Million, page-53
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.88M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $19.16K | 52.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27824 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 1201 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LEL (ASX) Chart |