Exactly!
LTR are a decade off and multiple billion dollars off getting to the pinnacle a "lithium hydroxide plant" (mentioned in annual report)
WES joint venture with SQM "https://www.covalentlithium.com/refinery" is still 2 years away even with all the resources and cash available of both organisations.
LTR BOD obviously believed $3 was a fair price to sell which in reality means "above market"
I believe the price will absolutely tank, ALB withdrawal, share dilution for future funding, GR factor and ALB wanting to sell their 4% stake.
I would think that the BOD and GR relationship would be a bit frosty and I would expect multiple board changes over the next little while.
I also believe GR knew she was going to pay above and was prepared to do so for 19% share. Her next purchase will be at a significantly less share price bringing down her average considerably ! I believe GR will acquire LTR over a very very very long and painful period for shareholders.
The above is In My Honest Opinion
DYOR
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Last
87.5¢ |
Change
0.025(2.94%) |
Mkt cap ! $2.121B |
Open | High | Low | Value | Volume |
88.0¢ | 88.5¢ | 85.3¢ | $8.253M | 9.463M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30489 | 87.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 252133 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30489 | 0.875 |
5 | 66500 | 0.870 |
4 | 64500 | 0.860 |
7 | 210776 | 0.855 |
37 | 536693 | 0.850 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 162990 | 5 |
0.885 | 238544 | 10 |
0.890 | 195000 | 6 |
0.900 | 128192 | 6 |
0.910 | 45000 | 2 |
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