LTR 0.00% 83.5¢ liontown resources limited

hmm seriously?- LRS isn't crap it's not as large but...

  1. 3,438 Posts.
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    hmm seriously?

    - LRS isn't crap it's not as large but it's tier one and low cost, it's smaller but is probably more profitable than LTR so it's a good addition to PLS portfolio
    - the scale off these company's are totally different they are buying a non producer probably 2 years away - they are therefore getting a good discount they are spending around 500m or so
    - they don't have the capital to make an appealing offer to LTR - they would need what 3bn script deal to get LTR
    - how would they get Gina to sell for anything around. $1 or $1.5 when she paid $3 - her holdings alone block it and she does not need the money
 
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