..the one person you'd need to feel sorry for is Tim Goyder who would have been able to bank roll his LTR stake for almost $1Bil with the $3 ALB takeover offer then, which has now dwindled to $300mil at last Friday's closing price.
..Tim recommended shareholders take the $3 offer, coming from an insider that long term holders should have trusted his judgment. But sadly, no thanks to Gina, who torpedoed the deal with her buy-in, now Tim and his management who could have spent their days forward in Bahamas enjoying a well earned bonanza, would have to toil hard to build and progress his company forward under challenging conditions without assurance that they will ever get to see the $1B mark again.
..ironically LT holders are with Gina despite her scuppering of the deal. AZS holders were fortunate with their SQM deal.
..as the saying goes "A Bird in the Hand is Worth Two in the Bush". A stock is not your dog or cat. I've seen enough long term investors who believed too much in their stock/company failing to be rewarded for their patience and loyalty - investing in a publicly traded company (PLC) is not the same as investing in a private company. Valuations accorded to a PLC many times run well ahead of what a fundamental LT valuation ought to be - because it is driven by sentiment, greed, liquidity and economic/business imperatives.
