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Seems like someone is trying to keep the price down at the...

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599 Posts.

120

04/12/23

12:19

Post #: 71255237
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Originally posted by butcherboy: ↑

This is ridiculous! LTHM was up 4% overnight. AKE was up initially, but is now in the red. What a debacle. Of course LTHM investors will see this and that will drag the LTHM SP down tonight. It seems to me to be a vicious cycle that will only end once the merger is resolved.

I'm still generally pro the merger as I see a global tier 1 company such as Arcadium as the only pathway to a $20 SP, but, I think either result will be good for the SP now. I have gone from being totally in favour of the merger to now being a little more skeptical.

Re: CGT rollover relief, I'm of the firm view that if there is no sale of assets then there is no CGT event and there is no CGT payable and I will be instructing my tax account as such and if the ATO don't like it they can sue me.

Also, we can always apply for a private ruling. I just don't know how long this would take. We probably won't need one because that is essentially what AKE is doing, but I agree with everyone who has said it would be much better to know before the voting happens.

https://www.ato.gov.au/about-ato/ato-advice-and-guidance/ato-advice-products-rulings/private-rulings

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Seems like someone is trying to keep the price down at the moment.
Is something brewing?

AKE Price at posting: $8.46 Sentiment: Buy Disclosure: Held
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0 Great analysis

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