lol. My comments on 7th August 2024 when everyone was frothing over LTR's latest funding deal and the stock was trying to touch $1 again:
"I think this eventually trades weaker, as the concern will be they have much less cash margin of safety if lithium prices remain low over the next 12 months."
For all the pumping on these threads about LTR being the best lithium deposit in the world, making money even "down here", it's been one way traffic on the share price front. LTR are doing their best to pander to their retail sharebase when trying to boast about "strong EBITDA" when its only because they were able under accounting rules to capitalise $39M in costs. Retail might overlook this but smart money doesn't, and it's no wonder this marginal operation is so heavily shorted. But if you want to go on believing that it's the "someone" waiting to make a huge offer, be my guest!
LTR Price at posting:
62.0¢ Sentiment: None Disclosure: Not 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)