Following on from anatol's very informative posts it seems that ALB are in a difficult situation trying to remain at the top of Li tree.
My current view is that ALB are likely to fail for a number of reasons:
In all take-over talks there is a Business-as-Usual clause which would mean that LTR would be close to production and revenue & de-risked, with the capex spent, increasing the value of LTR.
What LTR is worth today is not the point assuming that the current plans are executed because even in a depressed Li market (in which I don't believe) a finished producing mine is worth more, MUCH MORE.
The big problems for ALB is one, Finance they don't currently have the ware-with-all to complete the purchase, AND, they will need FIRB approval. The Gov. seems to be sending messages to industry to bring on-shore down stream processing: think Lynas. Do you think they will allow the TO, I don't. Also I think the hedge funds and other predators will acquire blocking stakes.
The FIRB has never been known to act swiftly, I can see this rambling on for about 18 months & dying from sheer exhaustion.
Anyway, all fun & games as the feathers fly.
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93.5¢ |
Change
-0.050(5.08%) |
Mkt cap ! $2.266B |
Open | High | Low | Value | Volume |
97.5¢ | 97.5¢ | 93.5¢ | $49.48M | 52.51M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 2797617 | 93.0¢ |
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Price($) | Vol. | No. |
---|---|---|
94.0¢ | 341986 | 5 |
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No. | Vol. | Price($) |
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21 | 276692 | 0.930 |
6 | 127486 | 0.925 |
18 | 187353 | 0.920 |
7 | 84953 | 0.915 |
16 | 269412 | 0.910 |
Price($) | Vol. | No. |
---|---|---|
0.940 | 26000 | 2 |
0.945 | 25601 | 2 |
0.950 | 11000 | 2 |
0.955 | 50000 | 1 |
0.970 | 77000 | 2 |
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