There was no way Alb could be successful with a scheme of arrangement of LTR with Gina holding 20% of LTR. Need 80% minimum for a scheme arrangement to succeed. Therefore Alb were left with no option but to abandon LTR or make such a high offer that Gina would sell ( unlikely ). As long as Gina Rhinehart or Chris Ellison (from MinRes )don’t start buying here then I think we are good to go. They have shown an inclination to buy blocking stakes in hard rock Aust Li companies but not overseas brine companies. I’m optimistic of a decent takeover offer but it may still not happen for a while. GLTAHs
LPI Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
