I might be oversimplifying things, but although I agree with all the comments that we have a very good management team that navigate us through these troubled waters, any significant SP improvement will only occur with Spod prices rising well above $1k. The depreciation of the AUD that is expected in the coming months will assist a bit to cushion the SP.
The shorters, IMO , are not in a hurry to jump unless that spod curve start trading north. The continues postings of over supply by the investment houses does not assist the need for a mood change. Don't see this post as being negative, but I think that we need to keep perspective.
The hatches are down and we just wait for the up turn,
LTR Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)