Skip to Content
scroll

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. A relatively small 7.4% of LTR was held short on the 13th of this month, a brave trade for us in this “situation stock”.

  • We can see another ~30% upside for LTR over the coming months, but it’s a bold play.
LTR
MM is bullish toward LTR
Add To Hit List
chart
image description
Liontown Resources Ltd (LTR)
image description

Relevant suggested news and content from the site

Back to top