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Application for quotation of securities - LTR
Appendix 2A (Application for Quotation of Securities)
- Oct 24, 2023
- 5 pages
Today
Billionaires v BHP: who is right about lithium?
This week on The Fin podcast, Peter Ker and Elouise Fowler on why the Liontown deal collapsed and whether lithium could become the next iron ore for Australia.
This Month
Lithium takeovers ignite the Pilbara
One week after lithium giant Albemarle abandoned its Liontown takeover, South American lithium giant SQM is making moves of its own.
- Peter Ker
Ellison eyes new lithium prize near Albemarle joint venture
There is a new target on Mineral Resources’ radar, as Albemarle weighs up its next move after walking away from Liontown.
- Brad Thompson
Rinehart changes Liontown’s game | Is Origin worth more? | Bullock’s oil price headache
In this week’s episode, James and Anthony look at two spicy takeover battles and celebrate the podcast’s first birthday with special guest Financial Review editor-in-chief, Michael Stutchbury.
Deal off, game on: The battle for Liontown is just beginning
It’s exactly one year since Albemarle made the first of four bids to acquire Liontown. Now they’re gone, and the game starts again for a cast of big characters.
- Updated
- Peter Ker and Andrew Turner
- Opinion
- Chanticleer
How Gina Rinehart silenced Liontown’s roar
After a tumultuous week, Liontown has managed to lock in a debt and equity package to fund its flagship mine. But the shadow of major shareholder Gina Rinehart hangs heavy over the company.
- Updated
- James Thomson
Liontown’s $1.18b rescue awaits Rinehart’s endorsement
Australia’s four biggest banks and two government lenders have helped lithium star Liontown out of a funding hole.
- Peter Ker
Liontown equity raise underwritten for $375m at $1.80 a share
It’s down the short strokes at Liontown Resources’ emergency capital raising.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Liontown begins crossings for $400m equity raise; touts $760m debt
The lithium developer has begun emergency capital raising and government agency Export Finance Australia is cited as one of the lenders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto says lithium boom is cooling, for now
Rio hints a three-year lithium price boom may be over as surging supply coincides with mild growth in electric vehicle sales. But longer term, Rio is still keen.
- Peter Ker
UBS starts sounding for Liontown’s equity raising
Sources said Liontown was looking at a minimum deal size of about $300 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Mergers & acquisitions
Genesis’ Dacian dramas give Albemarle a peek at an alternate universe
If Albemarle executives ever wonder what might have been at Liontown, they need only look to Dacian Gold, where minority holders have held a suitor to ransom.
- Peter Ker
- Opinion
- Chanticleer
Albemarle’s Liontown retreat is not your normal deal-gone-sour story
Albemarle has bolted and in its place is a prickly 19.9 per cent shareholder. Welcome to the next chapter in the Liontown Resources drama.
- Anthony Macdonald
Albemarle walks away from $6.6b Liontown bid
After requesting a delay for due diligence, Albemarle declared it would fold its $3 a share indicative offer for the WA lithium hopeful backed by Gina Rinehart.
- Updated
- Brad Thompson and Elouise Fowler
Liontown taps UBS for equity raising as Albemarle walks
Liontown Resources is expected to tap both debt and equity capital markets to fund its flagship Kathleen Valley project.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Albemarle stares down barrel of Gina Rinehart shotgun wedding
Where to now from New York-listed Albemarle in $6.6 billion pursuit of lithium play Liontown Resources?
- Brad Thompson
Albemarle granted more time with $6.6b Liontown bid on life support
Despite the extension, the chance of the global lithium giant proceeding with a binding offer in the face of Gina Rinehart’s ever-increasing stake appears slim.
- Brad Thompson
Albemarle’s DD runs out at Liontown; eyes on Rinehart
What should have been THE D-Day for Liontown investors will probably pass without aplomb.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Liontown shares slump as Rinehart flexes muscle
Battery metals giant Albemarle faces the prospect of having to work in partnership with Australia’s richest person or walking away from Liontown after a pursuit that started a year ago.
- Brad Thompson
Rinehart boosts Liontown stake as spending spree nears $1.2 billion
Gina Rinehart has strengthened her position as kingmaker in any deal involving US battery chemicals giant Albemarle and its takeover target Liontown Resources.
- Brad Thompson
