LTR

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81.0¢ liontown resources limited

LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-3105

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grasschoppa

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27/10/23

18:01

Post #: 70583887
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Originally posted by lotu54: ↑

Great article in the AFR about why Azure

AFR:

Only one week after Liontown Resources shareholders saw their rollicking $6.6 billion payday go up in smoke, next lithium cab off the rank Azure Minerals has gone one step further toensure shareholders can get a piece of its $1.63 billion deal. The Liontown saga is fresh in everyone’s minds.
How? Azure has added some billionaire-buying protection
Liontown took SQM’s rival Albemarle for a full-course of due diligence, only for the suitor to flee and a mad scramble for funding. Rinehart buying a 19.9 per cent stake during the diligence period was a material factor.
Azure shares jumped to $3.50 on resumption of trading on Thursday – the backstopped price. It suggests there is more to play out. The volume suggests it a hungry mob like Rinehart’s Hancock.
It wraps up a huge 12 months for Azure and its shareholders. The company’s shares were trading at 28¢ this time last year, back before lithium exploration ramped up at Andover.
Since that ramp up – officially announced in November – it has had announcement after announcement of lithium intersections and drill results at Andover. SQM paid $20 million for a 19.9 per cent stake in January, and topped up at an equity raising in August.
The other major players include Mark Creasy’s Yandal Investments, which has a 13.2 per cent stake as well as 40 per cent of the Andover project, and Germany’s Delphi, which has pre-promised its 10.8 per cent holding into the deal.

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This adds considerable spice to the unfolding AU Lithium narrative moving forward.
Lets watch LTR recover?

LTR Price at posting: $1.69 Sentiment: Buy Disclosure: Held
30 Upvote

3 Great analysis

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(20min delay)
Last 81.0¢		Change -0.015(1.82%)		Mkt cap ! $1.964B

Open	High	Low	Value	Volume
81.5¢	82.0¢	77.5¢	$15.36M	19.24M

Buyers (Bids)

No.	Vol.	Price($)
3	37388	81.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	95789	12

View Market Depth

No.	Vol.	Price($)
3	37388	0.810
11	907893	0.805
10	1124432	0.800
5	81182	0.795
9	310321	0.790

Price($)	Vol.	No.
0.815	95789	12
0.820	117789	4
0.825	115943	9
0.830	83561	8
0.835	73250	4

Last trade - 16.10pm 01/11/2024 (20 minute delay)

LTR (ASX) Chart

LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-3105

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