LTR 2.49% $1.37 liontown resources limited

Ann: Significant new gold-copper assays from drilling at Moora, page-215

  1. 1,421 Posts.
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    @ pongo If the market didnt like an ann id expect 20% in the first 2s of trading, theres plenty of people who have just under 2x off the CR price. But who knows, its all speculation at this stage
    The 10%+- over several days off the announcements makes me think the market is indifferent at the current time yes we have air cores and they are showing well, but mean nothing without at least RC. We have new director and that suggests something is brewing, but unlikely to happen in the next month (?) - maybe points to going to production which means profits are a way away and therefore plenty of time to trade/accumulate possibly.
    Stock market is uncertain right now for sure, and although we do have a big piece of rock in the ground and at least the value of our mc (probably), IF there isnt positive results straight off the bat at the new drilling I don't see people wanting to stick too much more $ in (and this is reflected by what I see as the price just going sideways). If there arent amazing results at Moora in the first RC holes I feel like there might be a pretty decent sell off, but the upside on good drills I think is worth the risk


    Last edited by ndp_2010: 18/02/21
 
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