Nice guess - I initially thought there would be a company to acquire Liontown based on the fact only when they have the production and stabilize the income (hence maybe between June/Dec 2024.) OR way earlier so they can offer something cheap to buy Liontown (It looks like ALB had tried a couple of times).
I am not sure about competing bids at this point, the offering for a non-production of 6.6 billion is huge, I'm not sure who's really keen on paying so much before production apart from ALB (or unless either RIO/FMG/BHP is going to step into this field).
The only reason that I can see the board recommends shareholders to vote yes is mainly because, before production, there might be some significant capital required that they consider as a risk. However, I do believe the estimated value of LTR at $3-$3.50 at this point is a fair price, but after production, this will definitely double or even more, I presumed that's the reason why ALB really keen on getting it (they see the true value).
Again, everything I mentioned above was all guessing. Don't quote me on this, please
LTR SP Prediction contest, page-609
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Last
$1.00 |
Change
0.035(3.63%) |
Mkt cap ! $2.425B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | $1.02 | 97.0¢ | $15.30M | 15.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 92465 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 20810 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |