LTR

1.85%

53.0¢ liontown resources limited

ASX Today, page-26290

First 26290 Last

Share
Profile

Follow
Process1

6,595 Posts.

3625

02/12/22

12:47

Post #: 65118065
Share

Originally posted by pdtro1: ↑

G'day all. Managed to get out to the RSS conference in Melbourne yesterday. Spoke to Simon Coyle from PLS (previous Ops Manager), Ken Brinsden, DR and Anthony Cipriano (Mi6 CEO and LTR boardmember) and heard from numerous others. Worth reporting (all IMO):

- Overwhelming agreement (esp. from Ken) that GS/MS are well aware they're kidding themselves and the rest of the market, but serving their huge Oil/Gas clients by reporting whatever they can to discount Li pricing, and also get in themselves at a lower price. Chinese reports also just inflationary/intimidatory to try and keep the pricing down. No material or LT impact likely

- Asked DR about the type/size of resource of LTR (and PLS) and he was adamant that the size and grade of KV simply won't be repeated if it hasn't already been discovered in Oz (or at least was incredibly unlikely). Brine may fill some of the gaps. Also reinforced just how hard it was to bring on supply, and the time required. As per TO's ongoing commentary. Also laughed at how many explorers are now claiming peg. strikes or anomalies etc. that likely amount to nothing feasible, further distorting the supply forecasts.

- AC agreed it was very positive to see BUL back on the radar and said exciting things to come on that front

- SC was quite a nice guy also (geeze I can't wait till we have the cash coming in that opens up the doors PLS are looking at now). He's super confident on pricing. Worst case (though not at all expected) would be a plateau in the short term, with everyone still making plenty of $$ even if it was cut to a third. Anything else is absolute noise. BMXs are a real indication, and new and more buyers with bigger bids each time. Unfortunately sounds like no more this year, but he wasn't certain. Really sticking to their guns on the need for 18 Pilgangooras to fill the deficit by 2030. Combine that with DR's comments... can't see that gap being filled by a long shot.

All up, gave me great confidence/reassurance that we just need to sit tight and boy are we onto a good thing. Like I said, the potential for growth (in both SP and future business ops) once those $$ start coming is immense. As far as investing in Li (if you hold a near term producer and/or sizable explorer with good grades) looks like (IMO) the hard work is done, just let time do the rest.

Good weekend to all

Expand

Great post with great infomtation. Thank you.

LTR Price at posting: $2.06 Sentiment: Buy Disclosure: Held
32 Upvote

0 Great analysis

Reply

Top Stories

CWY

'Meaningful step towards our target': Cleanaway JV opens door to monetising landfill gas

PV1

Provaris Energy's hydrogen tanker fabrication to recommence; shares up 6%

STX

What you watched and discussed the most on HotCopper in 2024

RLL

'Highest global germanium grades' impress Rapid enough to pick up Prophet River project

RAD

Radiopharm approved to start Lu-RAD202 safety trials, door open for in-human studies

MKT

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ASX Market Update: Index sheds another 1% as Discretionary stocks lead broad selloff | December 20, 2024

LGP

Little Green Pharma jumps into distribution with acquisition

VNT

Ventia, Telstra team up to 'support critical digital infrastructure'

LM1

Leeuwin snaffles Marda Gold Project, aims to go after high-grade prospects

First 26290 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last 53.0¢		Change -0.010(1.85%)		Mkt cap ! $1.285B

Open	High	Low	Value	Volume
54.5¢	55.0¢	52.5¢	$4.602M	8.630M

Buyers (Bids)

No.	Vol.	Price($)
17	1383435	53.0¢

Sellers (Offers)

Price($)	Vol.	No.
53.5¢	322233	5

View Market Depth

No.	Vol.	Price($)
9	133456	0.530
19	300474	0.525
25	346091	0.520
15	315936	0.515
28	338265	0.510

Price($)	Vol.	No.
0.535	322233	5
0.540	273408	6
0.545	123917	4
0.550	125800	4
0.555	96345	7

Last trade - 16.10pm 20/12/2024 (20 minute delay)

LTR (ASX) Chart

ASX Today, page-26290

'Meaningful step towards our target': Cleanaway JV opens door to monetising landfill gas

Provaris Energy's hydrogen tanker fabrication to recommence; shares up 6%

What you watched and discussed the most on HotCopper in 2024

'Highest global germanium grades' impress Rapid enough to pick up Prophet River project

Radiopharm approved to start Lu-RAD202 safety trials, door open for in-human studies

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ASX Market Update: Index sheds another 1% as Discretionary stocks lead broad selloff | December 20, 2024

Little Green Pharma jumps into distribution with acquisition

Ventia, Telstra team up to 'support critical digital infrastructure'

Leeuwin snaffles Marda Gold Project, aims to go after high-grade prospects

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

ASX Today, page-26290

Top Stories

'Meaningful step towards our target': Cleanaway JV opens door to monetising landfill gas

Provaris Energy's hydrogen tanker fabrication to recommence; shares up 6%

What you watched and discussed the most on HotCopper in 2024

'Highest global germanium grades' impress Rapid enough to pick up Prophet River project

Radiopharm approved to start Lu-RAD202 safety trials, door open for in-human studies

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ASX Market Update: Index sheds another 1% as Discretionary stocks lead broad selloff | December 20, 2024

Little Green Pharma jumps into distribution with acquisition

Ventia, Telstra team up to 'support critical digital infrastructure'

Leeuwin snaffles Marda Gold Project, aims to go after high-grade prospects

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News