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yacheng

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11/11/23

11:30

Post #: 70845348
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Originally posted by dynofish: ↑

Hi yacheng...
I think the issue is multi fold...I tend to agree that the price is being walked down, but why? Short sellers profit from it, yes. When do short sellers cover? When the signals from the market are positive, like rising indicators of EV sales, spot chemical prices bottoming (only small quantities are sold at spot), and global major economies showing growth or stimulus. It seems to me that several of these indicators are showing favourable signs. So as it turns, there is likely to be a reasonably swift rise, and we know there is a major catalyst approaching for LTR...project commissioning and production.

LTR is not yet a producer so there is no tangible impact on value for our company, only on sentiment in the industry. Anyone who examines institutional substantial shareholder notices can see that there is a patient and elongated process of increasing (as well as reducing at times), their holdings. They also switch between stocks to create volatility while managing overall industry exposures where they want. My view is that once we turn on our plant, the sentiment and valuation for the company will respond. It will be too late then to acquire a long term holding at low prices.

I do not believe I am naive in buying gradually while tracking trading. My last buy of 20,000 shares was at $1.555 about a week ago. A family member bought at $1.565 and has an order in the queue at $1.495.

I have an investor view rather than a trader view. I am happy that around current prices there is good value available for a long term investor. Clearly, the institutions who recently paid $1.80 per share thought so too. There is one more factor, and that is the very real possibility of a new takeover offer for our shares! It is always darkest before the dawn as they say, and one day earlier this year we woke up and found our share price up $1.00 in a single day. What preceded that event was months of similar trading activity to what we see now. Also, identical behaviour happened before WES took over Kidman Resources.

I am happy to take my own views of valuation and cues from large investors as well as the company's unique position as a fully funded imminent producer of a strategically valuable chemical product of the future.

regards
DF

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All about trend!!... trending down!.. wait till it turns!...
Maybe buy the Book ... Share trading for Dummies...
May help...imho...lol

LTR Price at posting: $1.50 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 75.5¢		Change -0.015(1.95%)		Mkt cap ! $1.806B

Open	High	Low	Value	Volume
77.0¢	77.0¢	74.0¢	$5.689M	7.571M

Buyers (Bids)

No.	Vol.	Price($)
32	349681	75.0¢

Sellers (Offers)

Price($)	Vol.	No.
75.5¢	166985	22

View Market Depth

No.	Vol.	Price($)
28	291195	0.750
27	1052636	0.745
48	1235850	0.740
18	1898802	0.735
28	384227	0.730

Price($)	Vol.	No.
0.755	167822	19
0.760	516058	24
0.765	358355	20
0.770	271900	10
0.775	229879	9

Last trade - 12.59pm 04/10/2024 (20 minute delay)

LTR (ASX) Chart

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