yes TR I 100% agree with you but what I was saying was that WES is not, IMO going for a take over. As you said TG and his friends and family would be enough to stop it anyway. WES knows that a hostile take over would never work here. I am speculating that they may being encouraged to buy in by LTR to put them in a position to come into a refinery JV with LTR in a few years. Under this scenarios LTR would still own the resource 100% but have a JV with WES to refine. Remember that TO has suggested a few times that longer term a JV might be the right vehicle for LTR to get into refining faster and with the necessary expertise. Note that WES is building a refinery now for Mt Holland with SQM and will be learning alot so they are the perfect partner.
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |