Spot on. The ALTM share price closed at the equivalent of A$8.27 overnight, which is already 95% of the way to the takeover offer that’s not set to finalise until mid-2025. While some holders may still hope for a competing bid or a better offer, I believe the deal is essentially sealed.
I plan to sell all of my remaining LTM shares—both from my superannuation and the kids' trust accounts—and reinvest those funds into more WR1 shares, and possibly a few other options today. Takeovers like this present a great opportunity, offering capital at a fair price in current market conditions. It’s a chance to invest when many top-quality lithium stocks are attractively priced, giving buyers plenty of choices.
I imagine others are thinking similarly: why hold out for another 5% over 9 months when the market appears to be bottoming out, and there’s strong potential for other stocks to perform much better during that same time?
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Last
51.5¢ |
Change
-0.010(1.90%) |
Mkt cap ! $114.0M |
Open | High | Low | Value | Volume |
52.5¢ | 53.0¢ | 51.0¢ | $215.5K | 416.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 97693 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.5¢ | 39745 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 97693 | 0.510 |
4 | 31221 | 0.505 |
7 | 224900 | 0.500 |
2 | 15450 | 0.495 |
7 | 48189 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 21176 | 6 |
0.525 | 29351 | 2 |
0.530 | 23589 | 2 |
0.540 | 113404 | 5 |
0.545 | 84899 | 4 |
Last trade - 14.23pm 13/11/2024 (20 minute delay) ? |
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