...so what is the reason for LTR's share price to rise so much...

...so what is the reason for LTR's share price to rise so much in the absence of anything to be disclosed by the company and for the Chairman's wife to sell some of her holdings?

...what information might have been leaked to have caused a cult-like buying for a cultish band of followers stock; surely it has nothing to do with improved business fundamentals as Spod prices have been on the decline while instos interest is the lithium space is not prevalent, otherwise PLS would have gained more than it did.
Goyder’s personal needs can’t wait for Liontown

If the lithium miner is so undervalued, why is the chairman’s wife’s selling off as soon as the share price jumps?
Hannah WoottonColumnist
May 18, 2025 – 3.00pm


There’s nothing like a company’s top brass selling stock to cause unease among shareholders. A close second is their loved ones doing so.

Liontown Resources chairman and mining veteran Tim Goyder owns around 163 million shares in the lithium miner. He has about the same again in various investment vehicles, with his total holding worth around $113 million. Until recently, his wife Linda Goyder owned nearly 23 million shares.
Linda sold $1.54 million worth of her shares on Thursday – a trade timed beautifully to coincide with a rally of the critical minerals miner’s volatile share price. Liontown is up 51 per cent over the past month.

The on-market trade was disclosed to the ASX as part of Tim’s interests, with the reason given that Linda needed the cash to “meet personal financial obligations”.

Perhaps the couple’s $17 million heritage home in Perth’s exclusive Peppermint Grove needs a new bathroom. The pair bought it in 2022 with a settlement period of just 20 days. No issues with cash flow then.


Linda’s stock sale occurred in the midst of a week-long rally in the share price, which ended up 28 per cent. On Friday, more than 82 million Liontown shares traded – almost three times the regular volume.

Naturally, this caught the ASX’s attention. The market operator’s compliance team queried the rally and the massive trading volume, asking Liontown whether there was any undisclosed information that could have contributed to the moves. Company secretary Clinton McGhie promptly replied saying Liontown had nothing to announce.

There’s nothing to suggest Linda had any insider knowledge. The mining sector as a whole enjoyed a 5 per cent rally last week, seemingly driven by growing market optimism around US-China trade tensions. Liontown had its own good news: a $15 million interest-free loan from the West Australian government last week has provided it with some breathing room. Who said Labor doesn’t like big business?

But Linda’s sell-down still puts the miner in an awkward position. The past month’s bounceback barely dents its share price’s two-year downward spiral. Liontown has plummeted more than 74 per cent since its peak in June 2023, wiping $4.95 billion off its market cap to bring it to its current $1.98 billion.

In October 2023, US giant Albemarle put a $6.6 billion takeover bid for Liontown on the table but later walked away seemingly because of concerns about working with Gina Rinehart after she built up a 19.9 per cent stake.

Lithium stocks have gone from sharemarket darlings to serious loss-makers. But Liontown’s woes have been particularly bad. So how does a company in the throes of a delicate survival effort convince the market that its struggling share price is simply because it’s undervalued when the chairman’s spouse becomes a seller as soon as there’s a brief uptick?

Tim must be aware of this risk to shareholder confidence. In March, he sold a $13 million stake in Chalice Mining, where he is the largest shareholder. Chalice had been flogging a “major metallurgical breakthrough” at its flagship mine to investors less than a month prior. Tim offloading about a quarter of his holding prompted a short-selling feast from hedge funds.
Perhaps Linda missed the message, though.