I agree mate.
Definitely frosty between BoD and Gina imo.
ALB's first takeover offer was $2:15 from memory, so that is not bad short term price target and hopefully we can get there and hold, that but we have Gina to contend with.
Long term, I agree it all depends on execution; getting to production on time, ramping well and nailing the processing. Despite partly missing out on a great short term trade, I still have full confidence in the ore body, our magement and the long term fundamentals. Can't wait until we trade off a PE ratio.
Can Gina manipulate price and keep us down? Probably she can in the period before production and earnings. Can she sabotage the project? I would think not.
It is reassuring TG and friends have an even bigger blocking stake than her, so if Gina does wants to make a move before production, she will need to get TG on board.
My understanding is Gina cannot make a lower bid than $3 for 4 months, given she just paid $3. So, if she is true to form, she might short LTR for 4 months than attempt a takeover bid prior to production. Maybe one reason why she hasn't nominated a board seat at the upcoming AGM to avoid any potential conflict of interest?
G
- Forums
- ASX - By Stock
- LTR
- Ann: Kathleen Valley Funding Package
Ann: Kathleen Valley Funding Package, page-418
-
-
- There are more pages in this discussion • 247 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
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 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |