Arcadium has one of the biggest lithium resource endowments in the industry – more than four times that of local champion Pilbara Minerals – but will need to find additional funding sources in the near future for its $US1.6 billion plan to quadruple production volumes by 2027.
This will really suit RIO, a script bid or cash i'd assume would need to be north of $8.50 to have any chance. LTM making free cashflow and expanding even at todays lithium prices, the dual listing maybe an issue for a script bid.
This is the second article i've seen mentioning RIO and LTM and the commentary from the RIO MD cements the thesis of acquiring Argentinian assets or business already operating near the new RIO operation.
Lets see what unfolds, happy to hold this one long term like INR, IGO for the eventual lithium price rebound
- Forums
- ASX - By Stock
- RIO and LTM article
Arcadium has one of the biggest lithium resource endowments in...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTM (ASX) to my watchlist
|
|||||
Last
$3.44 |
Change
-0.140(3.91%) |
Mkt cap ! $1.202B |
Open | High | Low | Value | Volume |
$3.51 | $3.55 | $3.43 | $6.818M | 1.960M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $3.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.46 | 1445 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 3.430 |
5 | 17462 | 3.420 |
9 | 61654 | 3.410 |
8 | 30794 | 3.400 |
4 | 29348 | 3.390 |
Price($) | Vol. | No. |
---|---|---|
3.460 | 1445 | 1 |
3.470 | 3745 | 2 |
3.480 | 2482 | 1 |
3.490 | 2482 | 2 |
3.500 | 16589 | 5 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
LTM (ASX) Chart |