ASX Today, page-42495

Funny day today TR, I got on the thread this morning as the only story today is that ALB may sell GB to IGO. That is the only story today IMO of any consequence as it shows the power of the IRA and the downside of having an influential Chinese partner in an Australian lithium business which I suspect ALB regrets. It also indicates that @anatol was right in his view that the GB resource is being depleted in a big way and has a short shelf life. This would explain why ALB is implying that GB is too hard while lithium prices are depressed. LTR does not have any of those issues except of course the low lithium price (which is the only issue they have) but this will change as Anatol and other commentators have explained. So I looked at the thread to see what people had to say about that and appreciated Anatol's perspective in his post today but saw that the thread had been overwhelmed by the share price drop. Some poster even patted himself on the back for predicting it! Well it is not hard to do that when a share is shorted as much as LTR is while the overseas lithium shares hammered by Wall St. Of course it will drop today as has PLS for the same reason. To my mind it is just another great buying opportunity.

I am sorry that so many here invest with a short term trader mentality and are effected by a share price drop. They react like they are watching a football score and their favourite team is getting thumped. Share trading is not a football match and the share price should not be viewed like a football score, unless of course you are a trader. This is a marathon and we should by now know where LTR is going and the nature of the obstacles in front of us, such as shorters and lithium price manipulation being just some of them. I saw another poster felt that this may cause the need for a CR. Why I ask? Surely we don't need to repeat all the boxes that LTR has ticked recently and the fact that we have over $400M in the bank with the first shipment away in September. A shorted manipulated SP has nothing to do with a CR which will not be needed. We just had a default one at $1.80 via a convertible note with LG in any event and have all the money we need. People need to get a grip and keep their eyes on their fries here. The drop in SP should either be ignored as it is of no long term consequence or it is a buying opportunity. There is no reason to sell or even put their shares in their bottom draw. By Q4 this year all will be fine IMO. When this turns hang onto your hats or your huskies, following your customary dog theme.