No it's quite simple. She is blocking the deal. Plenty of sellers in the market who now realise this isn't going through at $3.
If you want to control an entity you need to pay a premium, $3 is a huge premium right now. You can buy PLS at the same cost per tonne right now, why the hell would you want to own LTR? Only somebody who wants to control it would. AKE is over 40% cheaper on an LCE equivelant valuation. There is 0 value in LTR right now.
Ann: Change in substantial holding, page-20
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 (20min delay)
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Last
$1.36 |
Change
-0.015(1.09%) |
Mkt cap ! $3.285B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.35 | $10.55M | 7.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 33931 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 62142 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$1.36 |
Change
-0.015 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.38 | $1.35 | 2471083 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| LTR (ASX) Chart |