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"Ballparks away" is a negotiation tactic - surely you understand?

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Firelall05

346 Posts.

65

04/09/23

12:20

Post #: 69719219
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Originally posted by DaisyA: ↑

if @anatol is correct and the price of lithium jumps a lot in response to a clear lithium deficit by the end of the year then the independent expert will almost certainly say that $3 is not a fair or reasonable price, unless there is something else we are not being told. Note that one of the LTR BOD conditions of approval was not only that the independent expert holds the view that the offer is fair and reasonable, but that it continues to hold that view during the process. So you may be onto something here @dazzler, maybe LTR is so confident that the price of lithium will spike and the deficit will be so apparent by the end of the year that the independent expert will not support this and ALB or others will be forced to increase their price. A dangerous game to play though, perhaps the LTR BOD have had enough and just want to throw it out there. The profitability of PLS will show the independent expert the way forward for LTR though and make it hard for it to consider the offer fair and reasonable if the lithium price holds or increases. We do know that TO in his slide presentations was very much of the view that the future of the lithium price and demand was very bright.

I am also perplexed how $3 is not also "ballparks away" as TO once said. Now we know who was keeping the SP at around $2.74. I assumed some weeks ago that we were being set up for another ALB offer, I just didn't think it would be supported. The SP suppression is continuing even now with someone determined to keep it well away from $3 or, heaven forbid over $3. I can only hope that the LTR BOD is very confident that the independent expert will NOT support this offer and the market will have to see sense. That way we either get the offer we deserve or we rid ourselves of this SP manipulation and the shorters and go mining. A dangerous game I know, but TG and TO have done everything right so far, I am surprised they would get it wrong now. Just waiting to see.

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"Ballparks away" is a negotiation tactic - surely you understand?

LTR Price at posting: $2.86 Sentiment: None Disclosure: Held
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(20min delay)
Last 78.5¢		Change 0.060(8.28%)		Mkt cap ! $1.903B

Open	High	Low	Value	Volume
76.5¢	79.5¢	74.5¢	$19.01M	24.50M

Buyers (Bids)

No.	Vol.	Price($)
7	46043	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
79.0¢	62337	7

View Market Depth

No.	Vol.	Price($)
5	32523	0.780
5	40582	0.775
8	111497	0.770
2	70000	0.765
6	87400	0.760

Price($)	Vol.	No.
0.790	62337	7
0.795	85840	7
0.800	242214	17
0.805	51233	2
0.810	99729	7

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"Ballparks away" is a negotiation tactic - surely you understand?

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"Ballparks away" is a negotiation tactic - surely you understand?

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