Jan 17 (Reuters) - A unit of Albemarle Corp ALB.N sold 4% stake in Australia's Liontown Resources (LTR) for about A$121 million ($79.3 million) in a block trade, a term sheet showed on Wednesday.
So this is the news that was going to excite LTR today?
And ALB sold this 4% stake at $1.25, not exactly a vote of confidence on the existing valuation of LTR. And puts paid to those who argued that LTR has to be worth north of $3 as ALB made a bid before at $3. Well, if ALB believes so, (1) they would not have pulled out of the TO after DD (and Gina) and (2) they see more upside in utilising the A$121million somewhere else than staying invested in what most would deem due for an appreciation post-production.
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Last
82.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $2.000B |
Open | High | Low | Value | Volume |
82.0¢ | 83.5¢ | 81.3¢ | $9.042M | 10.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 131414 | 82.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.5¢ | 31205 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30683 | 0.820 |
1 | 18000 | 0.815 |
22 | 163521 | 0.810 |
14 | 414674 | 0.805 |
27 | 264419 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.825 | 28705 | 2 |
0.830 | 71200 | 4 |
0.835 | 204389 | 5 |
0.840 | 125700 | 5 |
0.845 | 41700 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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