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
77.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 454 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 1387 | 1 |
View Market Depth
| Last trade - 10.02am 04/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |
Day chart unavailable