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68.8¢ liontown resources limited

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Tinwins

15,875 Posts.

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26/05/24

14:37

Post #: 74013270
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Originally posted by DonChobani ↑

It's certainly not a good time to be betting against Liontown as Tim and Tony have been delivering a strategic masterclass, especially in these challenging times for the lithium market. They secured an impressive offer of $3 per share during what many called a lithium winter, and then successfully brought in Gina at the same price, which was notably higher than the stock's previous value. Following this, they orchestrated a well-timed capital raise at $1.80, setting the stage for what looks like an overachievement in production as we move into a period of strengthening lithium prices in the upcoming quarters. This series of moves has expertly shielded KV from any opportunistic threats, proving that the management is playing a winning game. For those shorting Liontown, it would be wise to reconsider your positions, as upcoming announcements on strong recoveries are poised to significantly boost the stock. While some might hope for an extended lithium winter, signs are pointing towards a warming trend with the bulls ready to charge.

Personally I’ll be making some more buys on Monday . I’ll post all my buys above $1 here.

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LTR Price at posting: $1.37 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 68.8¢		Change 0.003(0.36%)		Mkt cap ! $1.667B

Open	High	Low	Value	Volume
67.5¢	69.0¢	66.8¢	$2.038M	3.006M

Buyers (Bids)

No.	Vol.	Price($)
16	110760	68.5¢

Sellers (Offers)

Price($)	Vol.	No.
69.0¢	145681	25

View Market Depth

No.	Vol.	Price($)
18	114948	0.685
31	455182	0.680
20	336741	0.675
14	423793	0.670
19	1264360	0.665

Price($)	Vol.	No.
0.690	141588	24
0.695	380143	23
0.700	171138	12
0.705	172062	4
0.710	177640	7

Last trade - 11.47am 26/09/2024 (20 minute delay)

LTR (ASX) Chart

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