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Liontown Resources Ltd (LTR) $1.36

Trying to understand the moving parts of Gina’s aggressive buying in LTR to block Albemarle’s $6.6bn bid has proved hard and expensive for holders of LTR. Gina was hoovering stock ~$3 to block the bid, but now she looks relaxed to see the stock halve, we’re sure she has another step to take and it’s hard to imagine it won’t be a purchase/control at some stage moving forward.

  • Until the next chapter of the corporate games, LTR looks likely to follow the lithium price.
MM is neutral toward LTR
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Liontown Resources Ltd (LTR)
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