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80.0¢ liontown resources limited

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JRSelvedge

2,267 Posts.

316

14/08/24

16:45

Post #: 75206784
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Originally posted by yaschmidt: ↑

It’s “smashed” $0.83, all the way down to $0.81.

I recently acknowledged that a PLS prediction of mine had a +/- range 5%, so applying that same rule, $0.83 could just as easily be $0.79.

I would also note that I didn’t make the $0.83 call; you did. I was commenting on your comment regarding $0.83 versus $0.50.

All that said, I haven’t tried to call a bottom with LTR, the way I did with PLS, recently. I haven’t done an analysis of where I think the LTR bottom is; I just know that in the long term, the LG debt conversion price of $1.80 will almost assuredly be the midterm bottom for the LTR SP.

I can’t call $0.81 versus say, $0.79, or even $0.75, but I’m VERY confident that $0.50 is FUD.

Time will tell.

Best regards

Expand

The LG Chem Convertible note conversion price of $1.80 is not written in stone btw.

It “could” be negotiated lower in return for more equity in the company and I suspect this has always been on the cards.

The board “can” lower the conversion price and LG would get more shares - resulting in more dilution for existing holders but increasing LG’s % proportion of ownership of the company.

Cheers

DYOR IMO

Last edited by JRSelvedge: Today, 16:46

LTR Price at posting: 80.0¢ Sentiment: Sell Disclosure: Not Held
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1 Great analysis

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(20min delay)
Last 80.0¢		Change -0.010(1.23%)		Mkt cap ! $1.940B

Open	High	Low	Value	Volume
83.5¢	84.0¢	80.0¢	$8.438M	10.32M

Buyers (Bids)

No.	Vol.	Price($)
16	93085	80.0¢

Sellers (Offers)

Price($)	Vol.	No.
80.5¢	52300	2

View Market Depth

No.	Vol.	Price($)
14	76835	0.800
13	300078	0.795
20	442312	0.790
7	103544	0.785
24	230288	0.780

Price($)	Vol.	No.
0.805	52300	2
0.810	83967	4
0.815	203350	6
0.820	150600	4
0.825	71592	5

Last trade - 16.10pm 14/08/2024 (20 minute delay)

LTR (ASX) Chart