LLL 0.00% 50.5¢ leo lithium limited

General Discussion, page-7590

  1. 4,047 Posts.
    lightbulb Created with Sketch. 6789
    Just put them on ignore

    Personally I think they are trying to talk us down hoping to buy in cheap when the suspension is lifted, there is no immediate future for Liontown so they are looking elsewhere.

    If Gina sides with ALB, the takeover will occur at $3 - you can get that today - why wait another 6 weeks or so

    If Gina votes against the ALB bid, the bid fails, the share price crashes losing it's takeover premium, ALB will dump their 5%, short sellers now have 189m shares or 8.6% short sold so they are betting significant money it won't go through. The price will eventually come back after they're in production. Gina may even launch a bid, but she'll wait for the price to crash 1st.

    I can't think of one reason to keep holding, especially if you've held over a year and can get the capital gains tax concession - they're just as likely to wind that back.
 
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