Australia's largest stock trading and investment forum Australia's #1 stock forum

LTR

Click for more information

3.76%

96.5¢ liontown resources limited

Ann: Change in substantial holding, page-31

First 31 Last

Share
Profile

Follow
grasschoppa

2,987 Posts.

1416

03/10/23

21:17

Post #: 70156617
Share

Originally posted by Tangles2020: ↑

I initially didn't think Gina would want to make a counter offer, because she must know she can't afford our asking price. But with this short selling business, I'm starting to realise this could be a very shady way for any large whale to come in and acquire shares from those who don't want to transfer ownership. If Gina can keep buying shares for $3 she can effectively own a very large chunk at the asking price of $3 and then offer a higher price for the rest of the shares, which the board will approve. The more she can buy at $3, the less she has to worry about paying up for the rest. This has me a little worried.

I don't fully understand the intricacies of short selling, so I'd like to ask anyone that does to please explain it to me, how does Short Selling transfer ownership of the original shareholder on to those buying from Short Sellers? It sounds like it should be illegal.

Expand

WOT No dilution tangle,

Todays Price action meant no cover, unlike the day of the first ALB Bid Ann at the end off March.

LTR is now a serious BUY, and the free for all is about to start. This hasn't ever happened on the ASX I believe.

LTR Price at posting: $2.95 Sentiment: Buy Disclosure: Held
25 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

There are more pages in this discussion • 108 more messages in this thread...

First 31 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last 96.5¢		Change 0.035(3.76%)		Mkt cap ! $2.340B

Open	High	Low	Value	Volume
95.5¢	98.0¢	94.0¢	$13.99M	14.56M

Buyers (Bids)

No.	Vol.	Price($)
6	245349	96.0¢

Sellers (Offers)

Price($)	Vol.	No.
97.0¢	330617	9

View Market Depth

No.	Vol.	Price($)
3	19463	0.960
10	125369	0.955
17	504388	0.950
6	141608	0.945
12	70167	0.940

Price($)	Vol.	No.
0.970	330617	9
0.975	255852	13
0.980	454761	26
0.985	111068	6
0.990	388282	10

Last trade - 16.10pm 11/07/2024 (20 minute delay)

LTR (ASX) Chart