Can the board seriously state, in an announcement they recommend shareholders accept the $3 offer but not really intend to? I think their is Director duties, market manipulation or other rules that prohibit that surely?
Seems to me a big mountain to climb to defeat this with TG camp presumably in favour of $3 offer? Theyd just knock it back and do what they did at other ALB offers, price wod have hit $3.20+ or more if that was their intention.
Appreciate Gina trying to block that and may still, but she is not stupid either, doesnt buy over $3, so at worst she breaks even if deal goes through. She thinks there is short term risk, long term no drama.
Best case, for next 3 mth is ALB due diligence goes through, $3 paid. If offer withdrawn or is defeated price will prob dive. People should prepare for that.
I hope it goes to production for the record. just being a realist.
Can the board seriously state, in an announcement they recommend...
-
- There are more pages in this discussion • 8,256 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |