LTR

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85.5¢ liontown resources limited

If LTR can make cash in the current environment then the market...

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Kikker1959

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04/08/24

14:03

Post #: 75062721
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Originally posted by vmp ↑

DF our analogy to rotten tomatoes still being snapped from the farm is also a huge indicator of demand.
China wouldn’t be signing more offtakes from Australia, and in fact would be rejecting deliveries by now esp substandard grades if there is an over supply.

Not many expected China supposedly subsidised their production by as much as $200b++ that caused the prices to plunge.
That’s unsustainable imo. This is why they’re acquiring projects in Africa, even small ones with very low grade. And they’re buying from Australia sc grades low as 3.8.

The current market has exposed even the so called lithium heavyweights to be very vulnerable.
what I expect to happen is that investment in the sector will continue to plunge, some projects will not come online, turning the oversupply narrative upside down.

I’d view every producer and miner as our competitor. They will also try to kill Ltr but they significantly risk their viability by burning their cash and flooding the market. I recall when working for a big company, they would occasionally halt all travel and capex for 3 months periodically, even opex, office supplies etc limited limited, not so much about morale but it’s all about survival; they even asked for volunteers in countries where its legal to do so to have a pay cut until conditions improve which were later reimbursed. It just shows you the fiscal discipline required rather than pretend it’s okay to keep burning the cash reserves. So it’s good for Ltr to halt spending on anything else and focus on making the 3mtpa KV to operate and start the cash flow.

Alb’s decision to let go 300 people is just the beginning. Of course high cost producers will be in the same trajectory. Which is why LTR will have to perform as expected and we should get a very good indication shortly.

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If LTR can make cash in the current environment then the market will reward LTR beyond any other producer when the LIT prices are starting to move north, as the cash cow is then confirmed.

LTR Price at posting: 92.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 85.5¢		Change 0.000(0.00%)		Mkt cap ! $2.073B

Open	High	Low	Value	Volume
85.5¢	89.0¢	84.5¢	$11.18M	12.91M

Buyers (Bids)

No.	Vol.	Price($)
3	11235	85.0¢

Sellers (Offers)

Price($)	Vol.	No.
86.0¢	19200	2

View Market Depth

No.	Vol.	Price($)
1	8235	0.850
3	90000	0.845
11	152249	0.840
4	10394	0.835
10	69011	0.830

Price($)	Vol.	No.
0.860	19200	2
0.870	38200	2
0.875	98119	3
0.880	42805	5
0.885	77100	5

Last trade - 16.10pm 15/11/2024 (20 minute delay)

LTR (ASX) Chart

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