Hi @rednoff
Now, apparently and even officially we are doing the $3 party tomorrow in Melbourne.
Everyone is invited...
Hope to do the $4 party in another city soon, then $5 and then $6.
As long as "I" don't sell the shorters, ALB and its associates, and even new punters will not be able to find much shares to buy.
My fellow LTR holders...
All of this success is your own individual success.
Every single one who is holding tightly like me should be proud of his/her contribution to this success.
I mean seeing the $3, without being manipulated despite the manipulators have done a lots of dirty work by their shorts, misleading news on the media, fake lithium price drop, etc..
Nothing worked... "I" am holding.
Holding very tightly.
It's not because "I' have a blind belief in LTR, it's because "I" know the value of our recourse, project and the quality of our management.
Our success purely comes because of our solidarity here, all retail holders are well educated and holding tight. It's the key.
Otherwise TG"s 15% share holding would not be enough those punters to get the control of the board so far. The ALB and its associates SS, GS, Blackrock, Vanguard already have more than 20%.
But we, the retail holders of LTR are holding the power. As long as we stand strong behind TG then the 20% of those punters will not work. We will even not give a single seat in the board to them. They will keep their shares and make money together with us along the way. That's all they can get.
The punters can't short anymore, they even have to buy and close their short positions asap, because the M&A activity in upstream (mining) segment of lithium supply chain is now clearly very hot and not much space to make confortable moves.
I am expecting next move in that segment from WES, WES/SQM and maybe RIO again.
Anything can happen.
Anyone can be taken over,
or we can see new JVs and mergers.
However nothing is cheap atm. Only independent miner other than LTR is PLS, and it is over $14b mcap now. And I believe PLS will be sailing north of $20 next year. Then we might be at north of $10 as well.
It's obvious that takeover of LTR wouldn't be cheap, making a JV with LTR is not going to be cheap either. LTR's sp IMO would be at least $7 if it was producing now. (It must be at least PLS's mcap).
Yes merging with LTR is also not going to be cheap.
LTR has got a lots of options to choose, and a lots of planned work and negotiations (I believe) to execute.
I'm patiently and confidently waiting as always.
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