ASX Today, page-20418

Charts are meaningless in these macro conditions. What matters is that BYD ( Chinese car company) just announced that sales more than doubled in May. They sold 113,768 vehicles. The push to EV's is unstoppable. Once the carnage is over and done. the cream will rise to the top, very fast and that is LTR. Most other are pipe dreams. Funding for some of them will be nearly impossible. LTR $500m in the bank. The interest only will pay all the wages for now. Supply getting tighter by the month. African resources go no where as they are bogged down in legal and partnership issues with the Chinese, or they are in their neck with militants. This down turn is never easy but it will show if you invest in quality, and the market turns, it will outperform the others, as tier 1 is required for all facets of the business, resource size, quality, management, infrastructure and location. You miss one of them, you are in trouble, as we see with many others in the industry right now.