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$5-$6??? Are you actually serious??

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Skalo

793 Posts.

176

12/03/24

09:06

Post #: 72849412
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Originally posted by xanax: ↑

Is this a negative for LTR?
I think not:
When you have the worlds Biggest Cheque Books sitting around the table, LTR is TO proof for the time being.
Nobody can advance their position without agreement of the other major stakeholders.
To go Short now would invite a another party to start an auction process by launching a hostile bid and (purposely) failing; exiting the play after the scramble to cover shorts, an easy Double Bubble or better.
Make no mistake LTR is on the auction block.
The Price, Hmm $5-$6.
Remember this:
On or around the 30 June when LTR goes into production the accounting rules change.
No longer can expenses be capitalised, now the plant is depreciating and all expenses over the last 7 years-ish need to be provisioned.
Which leads to a massive tax loss of (say) $2 or $3B
Who needs a tax loss of that size?
All of the big Cheque Books.
A Prime Asset subsidised by the Aussie Tax Payer.

Fill your boots this is about to get interesting.

Usual disclaimers etc.

Cheers XanaX

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$5-$6??? Are you actually serious??

LTR Price at posting: $1.26 Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 95.0¢		Change 0.000(0.00%)		Mkt cap ! $2.370B

Open	High	Low	Value	Volume
97.5¢	99.0¢	94.0¢	$7.216M	7.475M

Buyers (Bids)

No.	Vol.	Price($)
22	152776	94.5¢

Sellers (Offers)

Price($)	Vol.	No.
95.0¢	43615	18

View Market Depth

No.	Vol.	Price($)
22	152776	0.945
36	787640	0.940
12	397778	0.935
26	417679	0.930
7	576923	0.925

Price($)	Vol.	No.
0.950	46543	16
0.955	523657	15
0.960	271164	10
0.965	203199	26
0.970	161901	7

Last trade - 12.49pm 01/08/2024 (20 minute delay)

LTR (ASX) Chart