Spot on. The ALTM share price closed at the equivalent of A$8.27 overnight, which is already 95% of the way to the takeover offer that’s not set to finalise until mid-2025. While some holders may still hope for a competing bid or a better offer, I believe the deal is essentially sealed.
I plan to sell all of my remaining LTM shares—both from my superannuation and the kids' trust accounts—and reinvest those funds into more WR1 shares, and possibly a few other options today. Takeovers like this present a great opportunity, offering capital at a fair price in current market conditions. It’s a chance to invest when many top-quality lithium stocks are attractively priced, giving buyers plenty of choices.
I imagine others are thinking similarly: why hold out for another 5% over 9 months when the market appears to be bottoming out, and there’s strong potential for other stocks to perform much better during that same time?
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Last
53.5¢ |
Change
-0.035(6.14%) |
Mkt cap ! $118.5M |
Open | High | Low | Value | Volume |
56.0¢ | 56.0¢ | 52.5¢ | $806.8K | 1.496M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
56.5¢ | 10084 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.535 |
3 | 16336 | 0.530 |
6 | 61948 | 0.525 |
5 | 29816 | 0.520 |
1 | 7222 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.565 | 10084 | 1 |
0.570 | 24587 | 2 |
0.575 | 7836 | 2 |
0.580 | 30000 | 1 |
0.585 | 40000 | 2 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
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