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.
The short positions increased to 159 million! Gina made a joint...
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Last
94.5¢ |
Change
0.045(5.00%) |
Mkt cap ! $2.291B | |||
| Open | High | Low | Value | Volume |
| 90.5¢ | 95.5¢ | 90.0¢ | $12.70M | 13.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 116447 | 94.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.0¢ | 33526 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |