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3.37%

92.0¢ liontown resources limited

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Tinwins

16,055 Posts.

567

16/07/24

10:16

Post #: 74769525
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Originally posted by mondyinvest ↑

Yes this is very irregular. It marks a significant shift in strategy for LTR who really had set itself up as a purely-Western-backed lithium supplier. Binning that strategy for nothing more than a short-term 10 month offtake with a release of only one page is very strange.

The threads here are peak HotCopper, every single move by the company is lauded as a genius master stroke when in fact something like this warrants some hard questions.

To sign such a short term offtake with a CHINESE refiner suggests to me they decided it was more imperative to lock in the certainty of revenues (even with market pricing where it is) than leave anything for the opaque spot market, even though they just booted their strategic narrative.

Ramp up is going to be very difficult and costly in the current market conditions and with their revised 3mtpa plans the cost base will be much, much higher than what they had previously disclosed to the market.

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Take it to your podcast or has that folded now?
Before you go can you explain how this latest ann suggests we are being controlled by China ?

LTR Price at posting: 97.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 92.0¢		Change 0.030(3.37%)		Mkt cap ! $2.231B

Open	High	Low	Value	Volume
89.0¢	92.0¢	87.0¢	$8.589M	9.604M

Buyers (Bids)

No.	Vol.	Price($)
1	11000	91.5¢

Sellers (Offers)

Price($)	Vol.	No.
92.0¢	458346	27

View Market Depth

No.	Vol.	Price($)
1	11000	0.915
5	51200	0.910
2	47000	0.905
3	75046	0.900
3	769612	0.895

Price($)	Vol.	No.
0.920	458346	27
0.925	21700	3
0.930	308967	11
0.935	55529	4
0.940	331922	8

Last trade - 16.10pm 28/10/2024 (20 minute delay)

LTR (ASX) Chart