LTR 2.16% 90.5¢ liontown resources limited

Morning friends - I apologise for the stupid question but being...

  1. 241 Posts.
    lightbulb Created with Sketch. 91
    Morning friends - I apologise for the stupid question but being a younger fella and new to the investing game this is my first experience in such a situation (being the proposed takeover).

    The wording of the Board re: the $3 offer from ALB was around intending to recommend acceptance should all conditions be met.

    Lets say hypothetically the offers start coming in and eventually a true best and final of $3.50 meets all conditions and the BOD recommends the shareholders to accept - would we expect to hear from the Board as to WHY this is their recommendation?

    In my uneducated opinion, $3.50 would still be too low. I want to see this rip into production and pay dividends for the next couple of decades at least. Therefore, a no vote from me. But it would be in the back of my mind as to why the BOD would recommend taking it. Is it personal - they're tired, looking for a nice pay day and to go and enjoy the fruits of their labour? Or is it a real business move - there are significant risks that could materially impact the interests of shareholders?

    Just wondering if this is something we could expect throughout the process?

    All hypothetical of course - thanks everyone
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
90.5¢
Change
-0.020(2.16%)
Mkt cap ! $2.194B
Open High Low Value Volume
91.0¢ 93.5¢ 89.0¢ $26.09M 28.68M

Buyers (Bids)

No. Vol. Price($)
7 472933 90.0¢
 

Sellers (Offers)

Price($) Vol. No.
90.5¢ 446423 6
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.