For the record im no longer holding at the present time. I did buy/sell a few times in attempt to catch the knife but ultimately sold out when $1 support broke
But more to do with trying to time the market. I'm not holding any lithium stocks at the moment, as the downtrend is still in play. Will look to buy back into lithium when I feel the time is right
LTR specifically i am more worried now about the financing potentially falling through
The reason being is the current state of the lithium market, and some analysts such as Goldman Sachs having bearish views. For example with GS:
2024: US$928 per tonne2025: US$800 per tonne2026: US$978 per tonne2027: US$1,155 per tonne
Some other brokers / analysts have more bullish forecasts for the long term, but who knows where the banks are getting their info from.
The current state of the lithium market does put that financing at risk, and if it falls through there will be a CR to fund the project which will be awful for the SP. At this stage I'm 50/50, I still think there's a chance it will get approved, but my confidence has decreased from before. I wouldn't be risking my capital at this stage and rather observe from the sidelines. Who knows, maybe if the banks pull out, LTR could maybe get partial funding from the gov and the rest from a CR.
In regards to the first few quarters operating at a loss, I think the market already expects this / probably pricing it in. But ultimately as they progress the costs should come down and the market may potentially be forward looking
- Forums
- ASX - By Stock
- LTR
- ASX Today
ASX Today, page-41180
-
-
- There are more pages in this discussion • 1,508 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
|
|||||
Last
78.0¢ |
Change
-0.020(2.50%) |
Mkt cap ! $1.891B |
Open | High | Low | Value | Volume |
79.5¢ | 81.5¢ | 77.5¢ | $7.861M | 9.908M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54923 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.5¢ | 25000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 54923 | 0.780 |
22 | 404557 | 0.775 |
14 | 418600 | 0.770 |
5 | 49029 | 0.765 |
20 | 150678 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.785 | 20000 | 1 |
0.790 | 53800 | 3 |
0.795 | 58629 | 2 |
0.800 | 617758 | 13 |
0.805 | 52600 | 4 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online