This looks like a really good deal for LTR.
I would suggest the bank debt was going to be a noose, so this will provide more flexibility.
The negative is that LTR just gave up another 8% of the company to do it and will still pay interest at about 5.3% on the $250mil USD to do it.
Still think its a net positive.
Share price should react OK is my initial thought, but lithium sentiment is smashed today, so who knows.
Ann: Presentation - Strategic Partnership and Long Term Funding, page-5
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Last
92.5¢ |
Change
0.085(10.1%) |
Mkt cap ! $2.247B | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 93.0¢ | 85.5¢ | $18.90M | 21.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.5¢ | 107432 | 12 |
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| Last trade - 16.19pm 18/07/2025 (20 minute delay) ? |
| LTR (ASX) Chart |