Woudn't be touching Liontown with a barge-pole until they can prove they are actually profitable at this price level for lithium.
Loong way to fall if they aren't - which I suspect will be a line-ball case. Similar story to here likely to unfold there I think.
I woulldn't be touching any lithium stocks tbh until we see what the huge addition to supply about to come online is going to do.
Then maybe pick some stocks that might still develop (lowest opex cost quartile only) at the lower li price after they are beaten down to half current levels.
CXO - Chart Thread, page-8765
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Last
9.0¢ |
Change
-0.001(1.10%) |
Mkt cap ! $192.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.6¢ | 9.0¢ | $1.362M | 14.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 2946389 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.1¢ | 200000 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |