I'm not a holder of LTR, but imo it just looks like they are reviewing how much and where money is being spent on expansions and ramp up etc so that they can maximise profits and not waste unnecessary money when they don't need to, they are basically saying maybe they don't need 4mil tonne pa facility just yet and may be beneficial especially financially to review that and make sure they are just wasting money expanding etc.
Sounds almost like a good thing to me, this is what is needed to find the right supply/demand to have a beneficial lithium price that suits miners, car makers, producers etc
No point building more capacity that is required because the correct amount of lithium needs to be mined in order to keep supply/demand levels that support a decent price level.
I'm not a holder of LTR, but imo it just looks like they are...
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Last
$1.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.715B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.11 | $6.437M | 5.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 110090 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 7995 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
0.000 ( 0.69 %) |
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| Open | High | Low | Volume | ||
| $1.13 | $1.15 | $1.11 | 1451015 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| LTR (ASX) Chart |