Free livestream of New World Meals Conference presentation (today @ 3.30pm AWST), page-17

Fair enough, but on LTR don’t forget at $3/sh they’re actually getting a 100% premium on where it was trading prior to the offers being disclosed. They had traded right down to $1.30 (IIRC) on concerns about capital cost blowouts and a large funding gap (hence the high shorting - instos presuming they could cover into an eventual raise suddenly got squeezed), and recovered to around $1.50. Then the Albermarle offers came and blew all of that out of the water and the SP ‘floor’ overnight went from $1.50 to $2.50, with a deal eventually settled (for now) at $3.00. That’s a huge difference, and given the risks facing that project, it’s a brilliant deal for shareholders in my view.

Applying some of that to GLN, I personally think - if there had been approaches - then disclosure might have kept the SP a fair bit higher than it is today. But horses for courses, it’s all theorising really. Cheers