Why is Liontown Down 20% Today? + Perseus goes Hostile!

A big start to the week with lithium market darling Liontown (LTR) announcing a Kathleen Valley funding update, seeing the stock come off 20%. 

Perseus’s (PRU) bid to buy OreCorp (ORR) in an all-cash deal caught our eye as well as Wyloo’s unfortunate decision to put its Kambalda nickel operations on care & maintenance. 

On the theme of managing costs, we commented on Chalice’s (CHN) decision to cut back, before rounding off on Lynas’s (LYC) quarterly, with our eye’s focused on an update on the Kalgoorlie processing facility. 

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

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Chapters:
0:00:00  | Introduction
0:00:43  | Engage with your shareholders
0:04:12  | Why is Liontown down 20%?!
0:21:21  | Is Perseus's bid for OreCorp superior?
0:37:22  | Wyloo put their nickel operations on care & maintenance
0:51:53  | Chalice cut back on spending 
0:54:12  | What we learnt from Lynas's quarterly