Analysts at Citi are not anticipating a counter cash bid for Liontown (ASX:LTR), an Australian resources organization, despite the AUD 3/share offer from lithium titan, Albemarle Corp.

Gina Rinehart, an Australian billionaire, has increased her stake in Liontown through her company Hancock Prospecting to nearly 15%, according to a recent filing.

There have been signals from the brokerage that there may be recent interests in Hancock increasing the stake.

Liontown shares are currently experiencing a dip of 0.7%.

However, the company’s stack has surged by 125% this year as of the last close.

Liontown is a resource company focusing on the development of lithium and vanadium projects in Australia.