I think 'respeculator' put it best on Twitter. Albermarle was offering to buy LTR at A$6.6B MC, with the project still years from cashflow and with all the capex/development/ramp up risk. At the same time you could buy PLS, with existing cashflows and none of that risk, for A$8.5B EV (technically EV is slightly higher because I think he was counting the full cash pile, but they owe about $770M in tax).
Doesn't mean that PLS represents good value yet (most shorted stock for a reason, I think) but it shows how incredible the LTR offer was.
Ann: Capital Raising Presentation, page-16
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Last
83.5¢ |
Change
0.020(2.45%) |
Mkt cap ! $2.024B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 85.0¢ | 81.5¢ | $9.483M | 11.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31655 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 60687 | 8 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |