2,400,000 shares purchased on open mktBT Yuan a member of ALTAF's BOD today took advantage of soft share price by buying 2.4 mil shares
Right now Aussie LI stocks are falling like a rock and up pops BT YUAN to buy this slug of shares on open mkt .
What has this got to do with CRE ? Mr Haber of CRE was our BT Yuan at the Annual General MEETING. . He with great firmness pointed out how erroneously the market is pricing LI co shares.
Mr H said ALB bought Rockwood while ALB was priced at $72 per share. Rockwood after ALB's purchase expanded such that it's EBITDA increased by 400% after the Rockwood sale to ALB. So Haber said with that level of success for the Rockwood investment, what did AL's price become ? Answer $68/ share.
Mr H was firmly telling all of us to be patient with LI share prices.