LTR 5.33% 71.0¢ liontown resources limited

ASX Today, page-43459

  1. 186 Posts.
    lightbulb Created with Sketch. 105
    Perceptions are important and when the AFR runs a headline such as: "More for a second-hand toothbrush’: Why EVs are on the nose" you know we have an uphill battle (at the moment). Running a quote like this, when it's hyperbole on steroids, is not helpful and is par for the course with AFR and Murdoch press in parroting negative comments about EVs and renewable power.

    Rightly, the article points out concerns about insufficient public charging infrastructure. But when you think that this infrastructure to service a new technology had to start from scratch, from nothing, several years ago, it would be much more helpful to report say, how many new charging stations have been installed over the past 2 years, 12 months, 6 months. But that would involved some research and real work. Much easier to lay the boot in with an outlandish response from a disgruntled person.

    The same goes with renewable power and parrots talking about reliability with little real knowledge about the renewable power experience.

    I feel for the hundreds of people without power today, and probably for a week in some places, because of the land gales sweeping southern Australia over the past week. But you won't get a media report saying, "Despite hundreds of fallen trees and power outages across the grid, for people with reliable stand alone solar/battery power systems, it's business as usual."

    Since 1993, we have had no outages with a stand alone power system. And we live in a forest so there are plenty of fallen trees.

    And now with an EV, we have fuel security and savings, even if the odd long distance trip involves a bit more planning.

    As the infrastructure improves, and EV batteries require less time to charge - a major factor - then the uptake will accelerate and Liontown will be in a great position to capitalise over the long term because of the size and quality of the resource. As the LTR share price drops, I am buying more.

    The EV infrastructure will catch up. Serious and fair comparisons are on a like for like basis. As a few HC contributors have pointed out in the past, there weren't too many petrol stations around in 1910.

 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
71.0¢
Change
-0.040(5.33%)
Mkt cap ! $1.721B
Open High Low Value Volume
72.5¢ 73.0¢ 71.0¢ $5.786M 8.059M

Buyers (Bids)

No. Vol. Price($)
23 311239 71.0¢
 

Sellers (Offers)

Price($) Vol. No.
71.5¢ 27055 6
View Market Depth
Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.