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.
ASX Today, page-37384
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Last
59.5¢ |
Change
-0.030(4.80%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.5¢ | 59.0¢ | $8.852M | 14.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 212314 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 310624 | 8 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |