I couldn't name 50 either.
The thing is they wouldn't just be converters, some of them would be further upstream producers, including OEMs.
The converters are the ones that interest me though.
Some of them would be new producers that have just come on line or are in the construction stage. Some of them dont have offtake agreements yet and have to buy on the spot market. The results of the BMX auctions show how desperate they are for supply. Imagine being in the room with them as they discuss an offtake agreement with the LTR BOD, you would be able to smell the desperation.
LTR could have signed off on offtake agreements 12-18 months ago but they held off and are now in a position to negotiate from an insanely strong position.
Talk about perfect timing.
IMO
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Last
84.5¢ |
Change
-0.010(1.17%) |
Mkt cap ! $2.049B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 86.5¢ | 83.5¢ | $5.151M | 6.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23487 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 286512 | 4 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |