This is an extraordinary deal for LTR and LG. A total win win.
all you haters out there put your hand up if you think you could have done better than TO in the current market.
LTR has secured non bank funding through to full production
LG has secured premium Lithium which is not under Chinese market control.
i do not believe LTR holders could have expected better than this.
there is huge professional short interest in LTR which will take some time to unwind. Don’t expect a 50% spike in a week!
But with a possible contract for the existing stockpile and production commencing within the month it will not be long.
upgrading sentiment from Hold to Buy. GLTAH.
Ann: Presentation - Strategic Partnership and Long Term Funding, page-163
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Last
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 78.5¢ | $4.329M | 5.466M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 1021903 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 63987 | 16 |
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| Last trade - 12.22pm 23/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |