Lots of enthusiasm here, but feels like its starting to border on exuberance. You talked about valuing the company at a PE of 20. ALB currently trades at a PE of 5.5 despite consistently growing lithium volumes 20% year over year. If ALB buys at $3 it will be one of its least profitable lithium operations already, other operations can bank profit in the $12/kg range.
I do concede that it is natural for mining assets to be worth more over time as the global lithium marginal cost curve increases, and I personally believe that the majors are undervalued at this point. I do wish you all good luck, but if I were up 1000% I might take a little off the table.
*Disclosure: I hold several 1000 shares of ALB and no LTR. I also own IGO and MIN instead of LTR, and yes I am kicking myself a little for that choice.
- Forums
- ASX - By Stock
- LTR
- Ann: Albemarle indicative proposal - due diligence to commence
Ann: Albemarle indicative proposal - due diligence to commence, page-278
-
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
|
|||||
Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B |
Open | High | Low | Value | Volume |
91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 472933 | 90.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.5¢ | 446423 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5786 | 0.900 |
4 | 110000 | 0.895 |
34 | 321661 | 0.890 |
8 | 180544 | 0.885 |
17 | 389749 | 0.880 |
Price($) | Vol. | No. |
---|---|---|
0.905 | 22997 | 2 |
0.910 | 105000 | 5 |
0.915 | 95187 | 4 |
0.920 | 25500 | 1 |
0.925 | 44911 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online