LTR 2.16% 90.5¢ liontown resources limited

Ann: S&P DJI Announces June 2024 Quarterly Rebalance, page-74

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    CR: 365 M AUD
    SPP: 45 M AUD intended, 14 M AUD cashed.
    Total expected: 410 M AUD. Total cashed in: 380 M AUD
    This amount could be considered to be not known to be needed by Albemarle before studying LTR's books.

    Finance: initially 760 M AUD, now 550 M AUD. Still to be executed and intented to be used to pay Ford's loan (already known by Albemarle) and KV initial opex. So real, unknown needed debt was 460 M AUD then (760 - 300) , 250 M AUD now (550 - 300).

    Total unexpected costs (initial): 410 + 460 = 870 M AUD.
    Total unexpected costs (final): 380 + 250 = 630 M AUD. < 10 % of the initial offer.

    From Albemarle's webpage:
    "As of September 30, 2023, Albemarle had estimated liquidity of approximately $3.1 billion, including $1.6 billion of cash and equivalents, $1.3 billion available under its revolver and $186.1 million available under other credit lines." The 3.1 billion USD make 4.7 B AUD.

    They hadn't cash to buy LTR. So a 10 % increase in their final offer wouldn't had been a matter of concern. Moreover when they had stated previously that they intended to increase their offer if there was any counterbid.



 
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