This is 2 paragraphs from an AFR article on the LTR and Bald Hill takeovers. Interesting view by Cannacord on value of lithium stocks noting current lithium prices are around $3k (I think). The alternative view is Albemarlt is paying way too much when the lithium market is in a bubble which often happens in bubbles. So LTR SP is now double the SP before Albemarle’s initial bid for LTR wax made public.
I was aware brokers were using long term lithium prices if about $1.3k so if the $1.9k ends up being about right there will be plenty of upside in AZS’s SP. But I would not be hanging my hat on $1.9k being right.
“Canaccord Genuity analyst Reg Spencer said Albemarle’s bid valued Liontown’s lithium at $US1900 a tonne; about 50 per cent higher than the lithium price the market appeared to be applying to the rest of the ASX lithium sector.“The bid provides a piece of information on what a large-scale lithium business might be thinking in terms of long-term prices,” said Mr Spencer in a note to clients. “We believe it suggests that” overall, lithium companies remain undervalued.”
- Forums
- ASX - By Stock
- AZS
- AZS Media related thread
AZS Media related thread, page-479
-
-
- There are more pages in this discussion • 492 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online