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50.5¢ leo lithium limited

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dazaliam

5,953 Posts.

1953

16/10/23

19:47

Post #: 70374365
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Originally posted by Red Baron ↑

Pretty disgraceful really,

While Kikker was warning everyone about the dangers of Leo, he sold his Liontown holding.

Admittedly he did say he'd sold after the event & others could have done the same.

But where were his warnings Gina had a blocking 19.9% and if ALB withdrew it's bid their share price would crash.
I didn't see those warnings, just the usual pump pump pump.

Some posters over there suggested a cap raise might be needed, they were put down very quickly.

Meanwhile the Financial Review is reporting LTR is looking to raise a minimum of $300m maybe up to $500m.
What price will that be done at?
The price no longer has a takeover premium, they were trading at around $1.60 prior to the takeover offer.

And if their management is so good, why didn't they do this cap raise before ALB withdrew it's bid?

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Atleast Leo's management are Tier 1 rather than the amateurs at other stocks. My post on LTR on Saturday:

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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