I've been averaging down in parcels and am in the cents now. Any day now there could be a "low ball" rejected takeover offer announced by Liontown which will shoot the price straight up to the rejected offer price. Those who offered $3 in 2023 and their competitors are surely running their eyes over the numbers, whilst weighing in current downturn in lithium pricing into their feasibility.
Tony, although insulted, will disclose a low ball TO offer to rescue the share price if things get too dire. I imagine he's just heavily focused on construction timelines and ignoring the short-term noise caused by macro.
Low Ball Takeover Offer: $1.50 (50% off sale within 9 months of $3 offer).
Share price re rates 59%+ instantly.
I've been averaging down in parcels and am in the cents now ....
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Last
97.5¢ |
Change
-0.010(1.02%) |
Mkt cap ! $2.388B | |||
| Open | High | Low | Value | Volume |
| 98.5¢ | 98.5¢ | 96.0¢ | $4.230M | 4.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 384693 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 451569 | 74 |
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| Last trade - 13.26pm 24/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |