Goldi, it’s not about possible or not, because of course it’s possible. The question is, is it probable? Is it a likely scenario? There are rules. I know we think a lot of the time this is the Wild West. The way the rules are now, if Gina wanted to takeover she has to offer at her last purchased price. If she uses Ellison as a stalking horse and sells her shares into him at a cheap price with the intention that they get control and ownership of the company (they would need 90%, for compulsory acquisition) this is bypassing those rules. Any loose lips in those camps and ASIC would be all over it, not hard to prove, email records, phone records etc. there is always someone with a grudge. As a billionaire who places yourself, often in a moral leadership role in the country, why on earth would you risk your reputation in a grubby grab at assets not fairly acquired? When you are one of the richest people in the world, all you have is your good name. People may not like her, she may say she is ruthless but it is a bridge too far to contemplate she would operate illegally. The reality is, she could make a t/o but she still has to get Tim’s 15%. Now he has funding locked in, why would he suddenly give over? He would have more resolve not less, he has tipped his own money in to secure his percentage, and you can be sure his close followers have too, they have around 40%. The big thing here in my opinion is small weak hands being manipulated by shorters. Until Lithium price comes back, and/or production income, this will be knocked around by them, playing their games. This scenario is not unlike what Gina experienced at RoyHill, the last 20% was very hard. What saved her was the iron ore price came back with a vengeance and then she had a cash printing machine.
LTR Price at posting:
$1.83 Sentiment: None Disclosure: Held
(20min delay)