Your mother will probably be more productive than LTR over the next 6 to 12 months.
The raise was great for LTR, but the lithium price is going to do a lot of damage to their ramp up.
The fact LTR gave no colour on costs speaks volumes to me. They either think they will need more capital and would prefer to keep the market uninformaed, or they know the market won't like the answer. In which case delay as long as possible in hope the lithium market recovers.
With the pathetic auction result from Albermarle yesterday, sentiment is not going to imrpove any time soon in my view.
I'll own LTR again, but sadly it's not even close to cheap yet given the execution risks in front of it.
Ann: Presentation - Strategic Partnership and Long Term Funding, page-268
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81.8¢ |
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Mkt cap ! $1.988B | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 83.0¢ | 81.0¢ | $1.058M | 1.291M |
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| No. | Vol. | Price($) |
|---|---|---|
| 10 | 141626 | 81.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 85253 | 11 |
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