You must know something the market does not. Lithium is now forecast to be in surplus in 2024 and 2025, hence the drop in price of ALB. When LTR starts producing the Li price will not be worth much and you have a large debt to pay off. Not to mention risks going ahead. How much will each ton cost to extract. Why do you think PLS is the most shorted stock (they have made billions when the market was at the top - infact their auctions helped get the price there)?
There is no harm in dreaming but the market will determine price.
Ann: Kathleen Valley Funding Package, page-100
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Last
93.5¢ |
Change
-0.015(1.58%) |
Mkt cap ! $2.267B | |||
| Open | High | Low | Value | Volume |
| 93.5¢ | 95.5¢ | 92.3¢ | $6.720M | 7.188M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 445894 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 185570 | 26 |
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| Last trade - 12.15pm 30/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |