10/10/2024 09:04

Liontown Resources Ltd (LTR) 79c

LTR has collapsed since Albemarle walked away from its $6.6bn bid as Gina Reinhardt’s blocking stake made it all too hard for the US miner – they owe her a lunch! The company has subsequently exited the stock ~$1.26, well below its $3 bid, leaving Gina the standout holder on the register.

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05/09/2024 09:48

Liontown Resources Ltd (LTR) 61c

LTR is the “situation play” in the lithium space, with Gina Rinehart owning over 18% of the business, having increased her stake ~$3 to block a $6.6bn takeover attempt by US lithium giant Albemarle (ALB US), doing the US miner an immense favour in the process

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03/07/2024 09:10

Liontown Resources (LTR) 95.5c

LTR announced yesterday a $US250m funding deal and 10-year offtake extension from foundational partner, LG Energy Solution which underpins the ramp-up of their Kathleen Valley Lithium project, which is on schedule and on budget to first production by end of July. The package will replace the A$550mn debt facility announced in March, and gives them more flexibility and better structured financing to withstand the weakness in Lithium prices. The five-year Convertible Notes were issued at a conversion price of $1.80 per share, paying a low coupon (equal to the SOFR). As a guide, if the notes were converted today, it would equate to about an 8% shareholding in LTR

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22/05/2024 08:48

Trade Alerts – Emerging Companies Portfolio

We are making a number of changes to the Emerging Companies Portfolio. Selling FCL & GL1, trimming SLX, SFR, CNI & SRG, buying LTR & BWP, and adding to AD8 & C79.

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21/05/2024 09:02

Liontown Resources Ltd (LTR) $1.49

Lithium miner LTR is a lithium play with a twist. It includes a short position of over 10%, which we believe is brave by all concerned, considering the previous and potential corporate activity; it was only a year ago that the stock was in play @ $3! Gina has a more than an 18% stake in the battery metals producer, making her an obvious candidate for a bid following Albemarle’s (ALB US) failed attempt in mid-2023.

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11/04/2024 09:29

Liontown Resources Ltd (LTR) $1.35

Lithium miner LTR has been regularly in the news over the last few years, from a failed/blocked $6.6bn takeover bid from US giant Albemarle to the significant stake taken by Gina Rheinhart and subsequent speculation whether she will consider a full takeover bid. Either way, we believe the risk/reward looks great for active investors/traders around current levels. • We believe LTR is likely to test its recent swing high ~$1.70 in the near future, or 25% higher.

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05/04/2024 09:05

Liontown Resources Ltd (LTR) $1.21

Lithium miner LTR has been regularly in the news over the last few months, from a failed/blocked $6.6bn takeover bid from US giant Albemarle to the significant stake taken by Gina Rinehart, which was the reason the $3 bid failed,  to the plunge in January as the miner failed to secure a debt package from the banks.

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27/02/2024 09:10

Liontown Resources Ltd (LTR) $1.16

LTR has been on a wild ride over the last 12-months, although its net change year on year is not a great deal. The stock recovered +8.4% on Monday, but it remains below last week's high, unlike both PLS and MIN, who are pushing up towards their respective 2024 swing highs.

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20/02/2024 09:33

Liontown Resources Ltd (LTR) $1.26

LTR has experienced an extremely volatile 12-months, including a $6.6bn failed/blocked takeover bid by US chemical business Albemarle – the $3 offer looks mighty attractive today. As most subscribers know, Gina Rinehart built a blocking stake in LTR, making the bid all too hard and leaving her owning over 18% of the $3bn lithium business.

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22/01/2024 16:54

Liontown Resources (LTR) $0.94

LTR -21.34%: The wild story of LTR printed another chapter today with banks stepping back from their $760m debt package that was stitched up last year to build the company’s Kathleen Valley lithium mine, conditions in the funding agreement around Lithium prices mean banks get to recut the size of the cheque they will write.

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