LIT 2.33% 2.1¢ lithium australia limited

Ann: Notice of extension of Offer Period for takeover bid for LPD, page-12

  1. 10,326 Posts.
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    What has happened at LPD to make it look good?? Sure the SP has been reasonably maintained - but nothing great in view of the buying done to resist the t/o, which would be the main reason. There has been a CR to support the defense and I suspect they have done enough to allow management to continue to get their salaries. The SP will probably drop quite a bit when they realise the t/o has failed and nobody is prepared to pay more than what they are worth.
 
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