Jan 17 (Reuters) - A unit of Albemarle Corp ALB.N sold 4% stake in Australia's Liontown Resources (LTR) for about A$121 million ($79.3 million) in a block trade, a term sheet showed on Wednesday.
So this is the news that was going to excite LTR today?
And ALB sold this 4% stake at $1.25, not exactly a vote of confidence on the existing valuation of LTR. And puts paid to those who argued that LTR has to be worth north of $3 as ALB made a bid before at $3. Well, if ALB believes so, (1) they would not have pulled out of the TO after DD (and Gina) and (2) they see more upside in utilising the A$121million somewhere else than staying invested in what most would deem due for an appreciation post-production.
ASX Today, page-40223
-
- There are more pages in this discussion • 4,504 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
74.0¢ |
Change
-0.030(3.90%) |
Mkt cap ! $1.794B | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.0¢ | 73.5¢ | $12.03M | 16.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 339920 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 109036 | 6 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |