LTR 3.41% 85.0¢ liontown resources limited

Ann: Revised Proposal from Albemarle, page-257

  1. 33 Posts.
    lightbulb Created with Sketch. 11
    I see this very differently.

    When the share price was ~$1.50, and TG rejected an offer of $2.50, that was a massive vote of confidence that sent the price going even higher than that.

    Now, an offer comes through only 10% above market price, and nearly 10% BELOW the ATH, and the board is recommending approving it? And so close to production? That's a massive vote of no confidence IMO (unless of course there is some other games going on - but I think that's just hope at this point).

    So if you believe that $3 is going to be the takeover price - which is the only realistic assumption one can make - then you have to ask how long is this going to take and when will I get my $3? If it's going to take months, then $2.90 now is a fair price to receive.

    So IMO, the market is pricing in that this IS going ahead, at $3. Sadly I fear the best outcome us holders can have now is a higher bid from someone else, but I'm not getting my hopes up.
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
85.0¢
Change
-0.030(3.41%)
Mkt cap ! $2.061B
Open High Low Value Volume
88.0¢ 88.5¢ 85.0¢ $9.549M 11.08M

Buyers (Bids)

No. Vol. Price($)
46 599201 85.0¢
 

Sellers (Offers)

Price($) Vol. No.
86.0¢ 100953 8
View Market Depth
Last trade - 16.10pm 08/08/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.