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82.5¢ liontown resources limited

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6,592 Posts.

3613

18/01/24

12:35

Post #: 71942142
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Originally posted by wazza2282: ↑

If true, that they plan 5 years ahead. How come 6 months ago they bid 6.6 Bil to buy LTR and today sell 4% and walk away? If anything to me this is very shortsighted, it's a 6 months window from a company valued at 6.6B and now accordingly to ALB $1.26 a share (you do the maths on the current MC)

If they had this business insight and able to look 5 years ahead, did they not think the lithium price would eventually come off its peak to a more normal price and that at 8K a tonne wasn't sustainable? It did it in 2019 and ALB has been around long enough to see the ups and downs in the Lithium industry. Have they not learnt how commodity cycles work?
If they don't now see value in LTR business (higher than 1.26) how would they see value in their own company? I think this is more a ALB issue than LTR's.

For the last year lithium has been coming down in price, you'd think with all their insights they'd wait until the price is down to lob a bid? wouldn't you?

Just my 2cents.

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You comment on ALB right. ALB managed by unprofessional management. ALB is a shit company.

LTR Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 82.5¢		Change -0.025(2.94%)		Mkt cap ! $2.000B

Open	High	Low	Value	Volume
85.0¢	85.5¢	82.5¢	$9.640M	11.59M

Buyers (Bids)

No.	Vol.	Price($)
26	461648	82.0¢

Sellers (Offers)

Price($)	Vol.	No.
82.5¢	145171	2

View Market Depth

No.	Vol.	Price($)
25	449455	0.820
17	138763	0.815
29	292305	0.810
18	373934	0.805
42	475119	0.800

Price($)	Vol.	No.
0.825	145171	2
0.830	100323	4
0.835	5000	1
0.840	200829	6
0.845	50398	5

Last trade - 16.10pm 31/10/2024 (20 minute delay)

LTR (ASX) Chart

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