ASX Today, page-33138

If Gina buys enough (maybe she already has enough), than LTR could just walk. Than if Gina doesnt make a bid for LTR, SP could be trading at $2.50 than trend down, with more CR and or Debt to fund the build

Remember $3 is priced for ALB fully funding the facilities and than paying X number of years of dividend upfront.

One can hold and wait for possible higher bid from Gina, ALB or other
One can sell and take what is close enough to $3 offer and take profit
One can hedge, sell some and hold some.
If no offer materialise than LTR is likely to be trading well below $3 so even if sold out, they could buy back in

All these are possible short term possibilities, LTR trade at $3 again even without a new bid that could be years away.

Do your own research.