No resistance at 83c whatsoever.… 50c magnet is very strong.
I see Care and Maintenance (they won’t call it that) as likely as market conditions continue to deteriorate near/mid term and recession and inflation fears grow.
LTR has backed itself into a corner making a take over by an external entity unlikely due to loose cannon major holder Gina (growing complexities with transaction blah blah…) owning a blocking stake, future dilution due to LG and convertible notes, and TG and TO ownership. Plant has yet to ramp up and prove nameplate can be achieved and optimised and costs yet to be validated. Multiple alternative supply sources globally being scaled back & throw major shorting into the mix as well…
DYOR IMO
ASX Today, page-42519
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Last
81.0¢ |
Change
-0.050(5.81%) |
Mkt cap ! $1.964B | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 84.5¢ | 81.0¢ | $8.663M | 10.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 678312 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 83450 | 5 |
View Market Depth
| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |