I asked the question at CXO HC approx 3 weeks ago about how CXO could continue to produce given their costs are about the same as or slightly higher (AISC basis) than spod prices. Then approx 5 days later the strategic review ANN was released confirming what was already obvious from anyone willing to be objective and just compare some numbers.
Spod prices dropping much lower will put LTR in the same boat IMO (although it would be good to know what LTR’s forecast AISC is (I still don’t believe the company has released this detail recently).
ASX Today, page-35823
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Last
90.5¢ |
Change
-0.050(5.24%) |
Mkt cap ! $2.231B | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 98.0¢ | 90.0¢ | $20.52M | 21.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 88 | 969722 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 43113 | 6 |
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| LTR (ASX) Chart |