LTR 5.00% 94.5¢ liontown resources limited

Do you think Gina has regrets?, page-54

  1. 23,427 Posts.
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    Nice looking chart with a spike up when the takeover offers were in play then a spike down when they disappeared. Take out the two spikes and the share price appears to be in a channel so there’s no reason to suggest it’s severely underpriced.

    Gina is interested in lithium and didn’t want to lose the opportunity to invest in one of the best going around so she bought up to put a blocking stake in. Where she goes from here seems pretty obvious to me… she’s future proofing her empire by investing in the greening of the planet and WA lithium is her choice, no more, no less. She has invested in ASX companies before without taking them over and I suspect the same here.

    Lithium is taking a rather large breather from its dizzying and unsustainable heights.

    Be aware of operating cost blowouts (CAPEX exploded) especially when in start up mode. It mightn’t affect the share price as the market is forward looking but you never know.

    Getting starry eyed about production and divvies then look no further at how the ASX is treating PLS.


 
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