Today was a show for the lithium faithful with news from corners of the world.
American chemicals company Albemarle came in (again) for Liontown (LTR), this time tabling a $3 per share takeover bid which appears to have finally won over the LTR board.
More details emerged regarding the hunt for Bald Hill (Alita Resources), with the rumour mill flying and administrators + receivers not seeing eye-to-eye.
The drama continued with Leo Lithium (LLL) emerging from a roughly 2 month suspension and down 50% to boot. The market clearly didn’t take a liking to the cancelling of the DSO, potential changes in ownership (regarding Mali’s new mining code) as well as a potential tax/import duty bill.
Argosy (AGY) shared an update on its Argentinian Rincon project as well as Hastings (HAS) changing CEO’s, to round of a full day of news!
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Timestamps:
(0:00) Preview
(0:53) Intro
(3:40) Liontown gets its $3 bid!
(15:59) The Bald Hill takeover story gets juicer
(24:17) Leo is finally out of suspension – & down 50%
(37:11) Argosy producing at Rincon
(38:08) Leadership change at Hastings to turn the ship
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