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2.55%

80.5¢ liontown resources limited

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Langford

709 Posts.

219

21/08/24

11:03

Post #: 75300512
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Originally posted by dawgfather: ↑

You're getting the order wrong. There's no conspiracy of foreign actors attempting to ruin your investment (why would they, when China can't acquire these Australian assets anyway). All that's happening is huge amounts of supply all coming online, and every lithium company contributing to the supply is telling themselves that they're the special ones who can keep dumping product into China at losses and still survive.

The order is this:

1. Excess lithium supply being dumped into China
2. Spot price reacts by falling (why would prices go up when there is endless amounts of supply flooding into China?)
3. Lithium equity valuations react by falling (commodity producers valuations can't hold up against a falling commodity price)
4. Short sellers notice the excess supply and the bearish outlook for the commodity price and open short positions.
5. Repeat from step 1 as more and more mines come online (including KV, which only makes the problem even worse).

The LTR market cap simply reflects the current ~$770/t for SC6 and the complete uncertainty about LTR's unit costs until management finally air the dirty laundry over the next few quarters.

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Just 'cause you say it with conviction doesn't make it true.... you know no more than the rest of us, IMO!

LTR Price at posting: 78.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 80.5¢		Change 0.020(2.55%)		Mkt cap ! $1.976B

Open	High	Low	Value	Volume
82.5¢	83.0¢	80.5¢	$9.346M	11.41M

Buyers (Bids)

No.	Vol.	Price($)
40	368998	80.5¢

Sellers (Offers)

Price($)	Vol.	No.
81.0¢	62188	9

View Market Depth

No.	Vol.	Price($)
32	258709	0.805
47	345738	0.800
21	177004	0.795
24	472811	0.790
20	812468	0.785

Price($)	Vol.	No.
0.815	144120	19
0.820	354237	30
0.825	597724	26
0.830	651334	24
0.835	226883	12

Last trade - 13.02pm 30/09/2024 (20 minute delay)

LTR (ASX) Chart