I am optimistic in the long term with Li. Just not particularly optimistic for the next 18 - 24 months.
Building positions, re balancing portfolios now is the key to LT success IMO.
I have continually held LTR to varying levels through 2020 until it was clear Gina was building a blocking stake. I posted selling out of our SMSF. I had sold my other holding at $2.56
I re entered after the SP got the shit kicked out of it to sub $1.00. It is a good speculative buy under $1.00
Its not bad buying now for the LT but I don't see any hurry to add more.
LTR does have some very specific areas;
- Commissioning / ramp up in a low price environment
- underground mining (higher opex)
- gold plated capex
- pricing tied to hydroxide
- planned commissioning with a sizeable debt facility
- planning to ship its product probably the furthest of any hard rock mine
.....to name a few.
A low price environment is not conducive for commissioning a mining project unless it is very low on the cost curve.
As for other plays, MY 3 key rules for investing are:
1. Bank Regular Profits
2. Bank Regular Profits
3. Bank Regular Profits
If you follow that it covers a multitude of sins and bad decisions in the spec space. AVZ owes me nothing, in fact in 2022 FY I had a sizeable tax bill.
New TA/Charting, page-14554
-
- There are more pages in this discussion • 780 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
79.0¢ |
Change
0.010(1.28%) |
Mkt cap ! $1.915B |
Open | High | Low | Value | Volume |
81.0¢ | 82.0¢ | 78.5¢ | $11.44M | 14.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 342418 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 102506 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 342418 | 0.790 |
20 | 444603 | 0.785 |
27 | 469145 | 0.780 |
11 | 148488 | 0.775 |
18 | 96768 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 102506 | 9 |
0.800 | 160126 | 10 |
0.805 | 113260 | 8 |
0.810 | 103219 | 7 |
0.815 | 211349 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |