Back of the envelope calculation...
Over 300-350 million shares traded hands at close to or more than $3. Owner(s) of these shares will definitely vote NO to Albermarle's $3 offer. That equates to around 7% of outstanding 2.2 billion shares.
Diehard retail lionnaires will vote NO as well.
I guess another 300-350 million shares traded above $3 in the coming weeks (days?) will be the nail in the coffin of Albermarle's bid.
GLTAH
Back of the envelope calculation...Over 300-350 million shares...
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Last
87.5¢ |
Change
0.035(4.17%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 89.5¢ | 84.5¢ | $14.42M | 16.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 112120 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 79469 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |