No, it’s up to the note holder, ie LGES, to decide whether or not to convert.
that’s why I pointed out the balance of power above. In case of a takeover offer, the LTR board will only get the votes from LGES (blocking or otherwise) if LGES elects to convert.
It is a reasonable assumption that LGES will elect to ride in the battle to LTR’s defense, because they haven’t invested a quarter billion US to secure their lithium supply lines for some goofy acquirer to ride roughshod over LTR and snatch up the resource for cheap.
my opinion.
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-4780
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Last
83.5¢ |
Change
0.020(2.45%) |
Mkt cap ! $2.024B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 85.0¢ | 81.5¢ | $9.483M | 11.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31655 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 60687 | 8 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |