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
$1.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.715B |
Open | High | Low | Value | Volume |
$1.12 | $1.15 | $1.11 | $6.437M | 5.716M |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 110090 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.13 | 7995 | 1 |
View Market Depth
No. | Vol. | Price($) |
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8 | 110090 | 1.120 |
5 | 200430 | 1.115 |
5 | 220390 | 1.110 |
5 | 139000 | 1.105 |
18 | 148746 | 1.100 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 7995 | 1 |
1.130 | 20002 | 1 |
1.135 | 44400 | 3 |
1.140 | 53569 | 4 |
1.145 | 62127 | 5 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.12 |
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Change
0.000 ( 0.69 %) |
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Open | High | Low | Volume | ||
$1.13 | $1.15 | $1.11 | 1451015 | ||
Last updated 15.59pm 26/04/2024 ? |
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