They don’t need to buy up to 20%. They just need to talk to big holders and get their written commitment that they’ll sell to ALB should the hostile bid succeed.
But I agree with the shorters likely pushing the SP up from here. So any Big holder doing it run the risk of missing out of a higher price to sell on market outright.
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-1470
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Last
75.0¢ |
Change
-0.020(2.60%) |
Mkt cap ! $1.806B | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.0¢ | 74.0¢ | $4.174M | 5.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 106519 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 134102 | 14 |
View Market Depth
| Last trade - 11.56am 04/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |