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
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I agree mate.Definitely frosty between BoD and Gina imo.ALB's...
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Last
82.5¢ |
Change
-0.015(1.79%) |
Mkt cap ! $2.000B |
Open | High | Low | Value | Volume |
82.0¢ | 83.0¢ | 81.3¢ | $9.331M | 11.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 140739 | 82.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 77690 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 140739 | 0.825 |
14 | 368899 | 0.820 |
11 | 433456 | 0.815 |
28 | 384809 | 0.810 |
9 | 308164 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 53756 | 8 |
0.835 | 120902 | 5 |
0.840 | 189480 | 8 |
0.845 | 179245 | 9 |
0.850 | 196716 | 7 |
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