Not many people have your sense. Great post

First 170 Last

Share
Profile

Follow
seuss

9,771 Posts.

835

09/10/24

21:31

Post #: 76053594
Share

Originally posted by Bluegoose ↑

Pretty much as I expected and at the lower end of my range around the A$9/share mark.

Probably just a fraction shy of what I thought we may get, however also probably weeks quicker than I thought would happen - with the risk of no deal and the SP dropping back.

As I thought, no doubt this suits the directors well and they are getting what they want, which is exercising and cashing in on many of their stock options, as well as no doubt a maybe 2 year employment contract or a fat consultants fee for the next couple of years.

The shareholders vote is a done deal - they already have the numbers I'm sure.

The cash deal is good also as it removes any volatility with the RIO SP and gives some certainty on the price.

I have seen all this so many times before.

Many holders are p!$$ed as their buy in price was higher, and/or they didn't sell at near the peak (like me by the way), but these things rarely make everyone happy.

It's not the worst deal of all time given the current depressed market, and the patchy history of the board not being able to deliver their growth ambitions. A near 100% premium pre-bid / news is a reasonable outcome.

Plenty of better lithium companies out there to reinvest in and I for one will be somewhat glad this chapter is over as this company has been quite disappointing for a number of years and all the mergers that were supposed to create value for shareholders pretty much destroyed value every step of the way.

Time to pay off the car, buy a new TV and reinvest the majority back into better-run companies.........

Expand

Not many people have your sense. Great post

LTM Price at posting: $5.91 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

AHK

Ark Mines provides strategic update following mining lease submission

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

RCE

Recce progresses testing of gel to treat bacterial skin infections

There are more pages in this discussion • 62 more messages in this thread...

First 170 Last

Add LTM (ASX) to my watchlist

(20min delay)
Last $5.91		Change -0.030(0.51%)		Mkt cap ! $2.038B

Open	High	Low	Value	Volume
$6.09	$6.14	$5.91	$24.25M	4.029M

Buyers (Bids)

No.	Vol.	Price($)
3	13455	$5.91

Sellers (Offers)

Price($)	Vol.	No.
$5.94	250	1

View Market Depth

No.	Vol.	Price($)
3	13455	5.910
15	55213	5.900
3	12900	5.890
3	14710	5.880
1	1500	5.870

Price($)	Vol.	No.
5.940	250	1
5.980	5000	1
5.990	6878	3
6.000	9000	3
6.020	5407	3

Last trade - 16.10pm 09/10/2024 (20 minute delay)

LTM (ASX) Chart

Not many people have your sense. Great post

Titomic jumps +6% as it incorporates Microsoft Hololens tech

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

Ark Mines provides strategic update following mining lease submission

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

Recce progresses testing of gel to treat bacterial skin infections

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Not many people have your sense. Great post

Top Stories

Titomic jumps +6% as it incorporates Microsoft Hololens tech

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

Ark Mines provides strategic update following mining lease submission

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

Recce progresses testing of gel to treat bacterial skin infections

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News