LTR

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91.5¢ liontown resources limited

Hi @anatol i have a feeling this cr will be over subscribed. TG...

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vmp

13,194 Posts.

8933

12/07/21

17:41

Post #: 54449315
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Originally posted by anatol ↑

This CR is excellent. I was actually thinking why they were not raising money around these levels (70c-80c) because we had a lot to do for 3 projects. And it's done. Great.

We are in lithium business, and lithium is on fire, on big fire, unprecedented levels of demand is coming. The news from every kind of media and forecasts are all screaming that supply/demand deficit is getting bigger and coming closer.

We need to spend a lot of money for KV Project's DFS for pushing it to development and construction next year, we should send couple of drill rigs to Buldania for new resource drilling as the area is huge hence the potential is huge, and demerger of Moora-Koojan!

LTR is in the big business of battery materials. LTR is a mid-cap company now and can't have only $15m in te bank for keeping the operations going on. So it's done.

The CR at 76c for raising $50m is excellent IMO.
We will issue only 65.8m shares and get $50m. We might have around $15m in the bank and the total would be $65m after the CR. That's a lot of money to add a lot more to LTR's market value (as @vmp said LTR put $750m after making a CR for $7m)

The dilution is at ignorable level but having this much money for keeping the operations going is excellent.

I must say this btw; my target price is no longer $1.5 per share after Buldania Project anns last week. That price was only for KV project and for that specific timing, I will make my mind after the drilling of Buldania

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Hi @anatol i have a feeling this cr will be over subscribed. TG had made so many people rich in CHN seven baggers plus since they've raised 100m at $1.05. some of those guys will probably move their money into LTR

TG is the new millionaires factory!!!

Before we finish at Buldania, there will be new tenements applications approved to explore. Or if we hit it big at Buldania, we can focus on advancing our twin turbo charged company, and of course, not discounted, are Moora's Chariots Fire!

What more can you ask!

Last edited by vmp: 12/07/21

LTR Price at posting: 84.5¢ Sentiment: None Disclosure: Held
33 Upvote

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Hi @anatol i have a feeling this cr will be over subscribed. TG...

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

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Hi @anatol i have a feeling this cr will be over subscribed. TG...

Top Stories

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Featured News

Buyers (Bids)

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