It was too high at $2.27 (the low range) bearing in mind that LTR before ALB bids was $1.48 (soon after lithium spot fall off the cliff aka, cxo, inr, pls, sya and ake) but ALB supported LTR $3.
The way I see it, discount should start from pre ALB bid price not at inflated (now artificial) ALB takeover vwap.
My last post as a holder of LTR
https://hotcopper.com.au/threads/ann-update-on-albemarle-proposal.7630742/page-128?post_id=70325317
I still have multi million share postions in INR, PLL, SYA, PLS, AKE and many others, so I have faith in lithium short, medium and long term, however today $2 LTR is fanciful. I am in shares to make money, not cheer on a company lol.
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-3046
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Last
85.0¢ |
Change
-0.030(3.41%) |
Mkt cap ! $2.061B | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 88.5¢ | 85.0¢ | $9.549M | 11.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 599201 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 100953 | 8 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |