ASX Today, page-37384

The short positions increased to 159 million!

Gina made a joint bid for AZS (60% of Andover project) for $1.7 billion after the lithium price has been smashed over 80% (Chinese lithium futures price hit CNY 85,650/ton on 6 December 2023. Gina made the joint bid on 19 December 2023).

At $1.08/share, currently market cap $2.6B (cash $515m, debt $300m, construction completion over 72%), including spending $1B to develop and build the mine)

Current LTR cash reserve is sufficient to complete the construction, valuation to construction completion (including the $300m debt) is $2.9B; 100% of the Andover project is valued at $2.8B before construction, adds $1B capex, valuation to construction completion is $3.8B;
LTR $2.9B Vs Andover $3.8B.

Always DYOR, All imo.