Yes I agree TR. Hold is the right call here for sure. For those who may be unclear what has happened here the mystery bidder (call them X) has gone to TG in April and said we will pay you $Y for LTR which is much higher than the ALB offer, please support it. TG has said go away. X has said then what will you accept? TG has said go away. X has then said we will go public and make it hostile. TG has said go away. So X went to the AFR and said we have a scoop and dropped the $2.75 ring fence line. AFR published happily and now X will on Tuesday reveal itself and make a hostile bid for LTR and appeal to us directly to sell. I am predicting that it will be a 20% premium to $2.75 so around $3.25. LTR will issue an announcement that we should not accept it and do nothing as it undervalues the company in a major way and we should tell X to go away. Let's see but I like the @cashhound and @vmp valuations more and I think TG and TO really want to go mining as they know what it is truly worth. Sit back and enjoy is my opinion as a third bidder or an increased ALB bid is probably just around the corner as well in the not too distant future. I would also be keen to hear what @anatol says in due course. Spare a small thought for the shorters who will be in a death spiral.
Yes I agree TR. Hold is the right call here for sure. For those...
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Last
$1.25 |
Change
0.035(2.89%) |
Mkt cap ! $3.018B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.29 | $1.24 | $21.96M | 17.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 114000 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 31956 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
0.035 ( 3.71 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.29 | $1.24 | 3410641 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| LTR (ASX) Chart |