No, the minute she goes over 20% she has to put in a takeover offer. The best she can do is buy 3% every 6 months as a creeping acquisition.
For the moment she seems to be happy enough acquiring 20% blocking stakes to keep lithium assets in Australian hands and as a long term investment, but if she's promised lithium to India she has a few problems. A 20% blocking stake doesn't guarantee you supply, and any explorers she might be looking at now are 7+ years from production at least - *and* they'll be on everyone else's radar for M&A as well. Getting lithium supply is not going to be easy. My wild guess is she'll wait until closer to production, creep a few more % in the meantime, and then try to get to 51% with a $3.20-$4.00 offer for LTR (depending on how the SP goes in the next 6 months), either Hancock going alone or as a JV with Albemarle.
(None of this could come true, DYOR)
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Last
95.0¢ |
Change
-0.015(1.55%) |
Mkt cap ! $2.303B |
Open | High | Low | Value | Volume |
98.0¢ | $1.01 | 94.3¢ | $14.14M | 14.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 108494 | 94.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
95.0¢ | 129667 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 108494 | 0.945 |
14 | 324731 | 0.940 |
5 | 289253 | 0.935 |
10 | 94835 | 0.930 |
10 | 163523 | 0.925 |
Price($) | Vol. | No. |
---|---|---|
0.950 | 76757 | 2 |
0.955 | 99671 | 5 |
0.960 | 100010 | 2 |
0.965 | 51510 | 2 |
0.970 | 10000 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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