You are going mining because you have no choice now but to continue the journey. (fact 1)
The BOD showed their hand by recommending the sale at $3 per share, therefore the BOD would prefer to cash out than go mining. (fact 2)
Going mining is 100% going to bring volatility in the share price ongoing. No asx lithium company has delivered on a nominated time frame, no lithium company has been able to contain costs. All lithium companies have encountered large hurdles along the way. Everyone of these hurdles bring out the best in shorting, hence the volatility. (fact 3 )
This will not be the last CR (fact 4)
I cannot stress enough, Mining is f***ing hard for everyone!!
The difficulty now that GR has such a large holding is finding another suitor (won't happen) so the road ahead is a very long bumpy one. (buckle up!)
Just for the record, I absolutely think LTR has the goods. I definitely think BOD are outstanding.
And yes there is a BUT coming and that is:
Mining is f***ing hard so be very very very very patient!
You are going mining because you have no choice now but to...
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Last
$1.00 |
Change
-0.020(1.96%) |
Mkt cap ! $2.424B | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | 97.5¢ | $21.57M | 21.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 379201 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 213400 | 4 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |