If he’d said no to their best and final offer there’d be nothing supporting the SP above $2.50, it could drop like a rock. By recommending it to shareholders they’ve put a floor under it at $3, all the while getting ever closer to production. Everything at the moment is non-binding, as far as I know there’s nothing stopping the board using ALB’s bid to their own advantage and changing their mind on the SOA, having it fail the IER or be blocked by a 25% stake. On the other hand, they might be being straight up and down being perfectly happy with $3. All just me wildly speculating, any resemblance to reality is purely coincidental.
If he’d said no to their best and final offer there’d be nothing...
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Last
91.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.218B | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 94.0¢ | 90.3¢ | $11.62M | 12.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 119641 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 140664 | 7 |
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| LTR (ASX) Chart |