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3.83%

95.0¢ liontown resources limited

WOT No dilution tangle, Todays Price action meant no cover,...

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grasschoppa

3,000 Posts.

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03/10/23

21:17

Post #: 70156617
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Originally posted by Tangles2020: ↑

I initially didn't think Gina would want to make a counter offer, because she must know she can't afford our asking price. But with this short selling business, I'm starting to realise this could be a very shady way for any large whale to come in and acquire shares from those who don't want to transfer ownership. If Gina can keep buying shares for $3 she can effectively own a very large chunk at the asking price of $3 and then offer a higher price for the rest of the shares, which the board will approve. The more she can buy at $3, the less she has to worry about paying up for the rest. This has me a little worried.

I don't fully understand the intricacies of short selling, so I'd like to ask anyone that does to please explain it to me, how does Short Selling transfer ownership of the original shareholder on to those buying from Short Sellers? It sounds like it should be illegal.

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WOT No dilution tangle,

Todays Price action meant no cover, unlike the day of the first ALB Bid Ann at the end off March.

LTR is now a serious BUY, and the free for all is about to start. This hasn't ever happened on the ASX I believe.

LTR Price at posting: $2.95 Sentiment: Buy Disclosure: Held
25 Upvote

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(20min delay)
Last 95.0¢		Change 0.035(3.83%)		Mkt cap ! $2.303B

Open	High	Low	Value	Volume
92.5¢	98.0¢	91.0¢	$33.31M	35.17M

Buyers (Bids)

No.	Vol.	Price($)
4	124060	94.5¢

Sellers (Offers)

Price($)	Vol.	No.
96.5¢	170420	1

View Market Depth

No.	Vol.	Price($)
4	124060	0.945
4	85433	0.940
2	58470	0.935
19	234498	0.930
10	123151	0.925

Price($)	Vol.	No.
0.965	170420	1
0.970	204474	1
0.975	17500	2
0.980	277061	10
0.985	271376	7

Last trade - 16.10pm 31/07/2024 (20 minute delay)

LTR (ASX) Chart