Fellow Shareholders.
The moment(s) we thought would never come is almost upon us. The DFS and demerger are but weeks away - a few, in regards to the former.
Now, we are pretty savvy as to what to expect when this occurs but after reading an article on what will become a new mayor export product in the F.R. yesterday it dawned on me that this isn't just our ducks aliening... this could well be on a more cosmic level!
On top of the already mentioned DFS - which alone will have a seismic impact - the following will have its own effect:
1. Some $75 billion has just been unleashed onto the market in the form of dividends from the banking an iron ore sector. That money is now looking for a new home. Iron ore as a reinvestment prospect is becoming less attractive on a daily basis and with the rates being what they are so is any bank product. And there sits Liontown like a forgotten wallflowers, pretties of the bunch.
2. Unrest in many possible locations around the globe and the diminishing attractiveness (due to environmental concerns) of brine produced lithium in S. Americas makes WA lithium companies stand out.
3. We have just joined the 300 club with all the investor attraction this brings with it.
4. The "sell in May and go away" period is over and the Big end of Town is now putting away their flyrods and booting up the computers again.
5. The realization that not only is lithium the flavor of the upcoming New World of transportation, battery grade lithium will further be in short supply for maybe 10 years. This will create a double FOMO situation.
6. Spinifex gave LTR's demerger his blessing in Saturdays West (every bit adds to the upcoming stampede).
Now - as we all know, we have unlimited knowledge and experience in loosing money on the Stock Market. We have less when it comes to success. The temptation to sell when a rally is so great that you feel you need to go and breathe in a bag is understandable and, in a normal stock market rally situation, the right move. But this situation is anything but normal and, dare I say, not like a ride we will take again any time soon. The following 6 - 8 weeks will see movements that defies logic. This is partly to do with the six pointers above but also - and here I am just as guilty of being home blind as many others - PEOPLE STILL HAVEN'T HEARD OF US!! As a company we are still WA's best kept secret. I know this sound like: " well, yeah, that was true a few years ago but NOW.. surely? NO! We are still flying under the radar until LTR becomes mainstream-taxi driver share tips-fodder.
When this finally happens and we are watercooler discussion fodder we have arrived. We be like that mechanical bunny that triggers the greyhounds at the races and that will the truly be a dash for dollars.
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Fellow Shareholders.The moment(s) we thought would never come is...
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Last
78.5¢ |
Change
-0.035(4.27%) |
Mkt cap ! $1.903B |
Open | High | Low | Value | Volume |
82.5¢ | 83.0¢ | 78.0¢ | $5.594M | 6.969M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 364538 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 13253 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 364538 | 0.780 |
14 | 199182 | 0.775 |
24 | 376030 | 0.770 |
5 | 89559 | 0.765 |
12 | 84419 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 31800 | 3 |
0.800 | 269000 | 7 |
0.805 | 119697 | 4 |
0.810 | 61200 | 3 |
0.815 | 98280 | 4 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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