LTR

3.90%

74.0¢ liontown resources limited

Ann: Revised Proposal from Albemarle, page-353

First 353 Last

Share
Profile

Follow
Fokai

111 Posts.

24

04/09/23

14:25

Post #: 69721829
Share
Originally posted by Jenday: ↑

Following are my observations from the announcement and looking at the price action over the past six months.

Given there was a formal offer made to the BoD, the BoD has a fiduciary responsibility to report the offer and to put out a statement. I agree with some of the commentary re the statement that it has been very well crafted to allow for a number of ways for the offer to be rejected if it is deemed that the offer is not acceptable.
Today's price - given there has been no run up in price as there was back in March probably indicates to me that a significant holder of shorts will be ALB or its allies. For them, this is just a cost of doing business.
Given LTRs entry into the ASX100 (ALB would have known this was going to happen) there would be pressure on the SP given instos would have to increase their positions in LTR. Effectively, this kneecaps that effort as instos now know that they can buy up to 3.00 and no higher (unless a competing offer comes in).
Given the offer price (less than the ATH of 3.20), the timing of the offer (the announcement today) it has injected a high degree of uncertainty into the market for this stock. This is just what a prospective buy would want.

Like many others on this site I too am disappointed with the offer. The closest example of what we have here at Kathleen Valley is PLS and they are printing money at present (even with a low Li price).

I too would be extremally disappointed for this company to be taken over by an international company. We seem to be really good at identifying opportunities but not good a holding on to them to the benefit of the Australian economy and community.

Expand

Hi Jenday .
I am totally agree with your comments about this offer . I was expecting much higher offer .
Real value is not this price ( If you compare with PLS) .
Every one is in Lithium business knows about the real value for LTR !
I think should be at list $6 .
We are here waiting .
GO LION …
All MY OPINION . DYOR .
LTR Price at posting: $2.87 Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BUX

Buxton projects new graphite province discovery at WA Narryer play

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

There are more pages in this discussion • 733 more messages in this thread...

First 353 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last 74.0¢		Change -0.030(3.90%)		Mkt cap ! $1.794B

Open	High	Low	Value	Volume
77.0¢	77.0¢	73.5¢	$12.03M	16.10M

Buyers (Bids)

No.	Vol.	Price($)
6	339920	74.0¢

Sellers (Offers)

Price($)	Vol.	No.
74.5¢	109036	6

View Market Depth

No.	Vol.	Price($)
6	339920	0.740
8	870031	0.735
20	102940	0.730
14	242553	0.725
20	180133	0.720

Price($)	Vol.	No.
0.745	21500	2
0.750	131650	4
0.755	257600	3
0.760	149266	7
0.765	29342	3

Last trade - 16.10pm 04/10/2024 (20 minute delay)

LTR (ASX) Chart

Ann: Revised Proposal from Albemarle, page-353

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Revised Proposal from Albemarle, page-353

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News