Ann: Liontown rejects Indicative Proposal from Albemarle, page-552

Well they'd not considered the donut club and BOD. From memory to achieve a hostile takeover you'd need to have a majority stake to force this through. Not sure if the 2/3% held by abermarle's subsidiary counts !! But you're right, perhaps this was testing the waters. But still BOD would have a SP in mind before they considered taking this to the shareholders with a recommendation from the board. Sadly we have no turnover at the moment and so this doesn't factor into the offer. However, we are still to hear back on the results and updated resource estimate for Buldania.